China’s middle class growth accelerated household debt ratio less than half of the United Sta boee

Chinese middle class growth accelerated   family debt rate is less than half the United States — energy — people.com.cn original title: China middle class growth accelerated household debt rate is less than half the United States for decades, American consumers have been the main driver of the global economy. Now as the purchasing power of the United States gradually weakened, China’s middle class will take the baton". According to a survey by McKinsey, 76% of China’s urban population will be regarded as the middle class by 2022. The middle class is defined as: the annual income of urban households reached $9000~34000. Even if the number does not sound too much, but after the price adjustment, the standard for other countries can be regarded as the middle class. In 2000, only 4% of the urban population reached the middle standard. 2015 China’s urban resident population has reached 770 million. Even if the number does not change (the urban population will only increase), more than 500 million people will enter the middle class by 2022. McKinsey said that in 2012 54% of Chinese urban households are considered to be "the middle class" (MassMiddle), their annual income in the range of between $9000 and $16000 ($60 thousand to $110 thousand). But in 2022, due to the more high tech and service sector jobs increased, 54% families will be promoted to the "upper class" (UpperMiddle), the annual revenue will be between 16000 to 34000 dollars (110 thousand ~ 230 thousand yuan). At the same time, according to Boston consulting group analysis, by 2020, China’s total consumption (shopping) is expected to grow by 9% per year. In general, the consumer economy is expected to grow by 55%, reaching $6 trillion and 500 billion (about 44 trillion yuan); growth amounted to $2 trillion and 300 billion (about 15 trillion yuan), equivalent to 1.3 times the current consumer market in Germany or the United kingdom. Another reason for the increase in consumer spending in China is that Chinese households have low debt. Mainland Chinese households have a debt to GDP ratio of less than 40%, less than half of the United States, and far less than other developed countries such as the UK and japan. Different from the last century in 80s before the birth of a new generation of consumers, China consumers can now access to goods from all over the world, and the current generation of young people do not like their parents or grandparents usually frugal, their consumer spending grew at an annual rate of 14%. This figure is "the last generation" (consumers over the age of 35) two times. By 2020, the share of the younger generation will rise from 45% to $53%. (: Yan Lu, commissioning editor Wang Jing)相关的主题文章: