International Law

China's Middle/Upper Class. A Lot Richer Than The Official Statistics Indicate.

By Dan

Fascinating post (graph, really) over at China Tells, entitled, "The Mystery of China's Grey Income." The post discusses a recent academic study finding household income in China is actually double that which is officially reported and for those earning at the top 10% of Chinese society, the real income is 2.2 times that which is officially reported.

What this means in business language is that the Chinese consumer usually targeted by Western companies actually has more to spend than you probably thought.

Check it out and let us know what you think.

Full post as published by China Law Blog on July 31, 2010 (boomark / email).