USEUROPEAFRICAASIA 中文双语Français
Home / Business

Income growth offers rich opportunities

By Du Juan | China Daily | Updated: 2016-11-03 07:37

China's growing consumption will continue to bring opportunities to companies in many industries as the country's middle-income population grows rapidly in the next 15 years.

According to a report released on Wednesday by The Economist Intelligence Unit, the portion of the population defined as middle-income will grow from 11 percent in 2015 to 36.9 percent in 2030 while the share of high-income consumers, with annual disposable income of more than 200,000 yuan ($32,100), will rise from just 2.6 percent last year to 14.5 percent in 2030.

"Those people will bring huge consumption power in sectors including brand cars, luxuries, high-end tourist products and better financial services," said Wang Dan, China analyst with the EIU.

Income growth offers rich opportunities

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US