As of 2023, the bulk of the Chinese population was aged between 25 and 59 years, amounting to around half of the population. A breakdown of the population by broad age groups reveals that around 61.3 percent of the total population was in working age between 16 and 59 years in 2023. Age cohorts below 25 years were considerably smaller, although there was a slight growth trend in recent years. Population development in China Population development in China over the past decades has been strongly influenced by political and economic factors. After a time of high fertility rates during the Maoist regime, China introduced birth-control measures in the 1970s, including the so-called one-child policy. The fertility rate dropped accordingly from around six children per woman in the 1960s to below two at the end of the 20th century. At the same time, life expectancy increased consistently. In the face of a rapidly aging society, the government gradually lifted the one-child policy after 2012, finally arriving at a three-child policy in 2021. However, like in most other developed countries nowadays, people in China are reluctant to have more than one or two children due to high costs of living and education, as well as changed social norms and private values. China’s top-heavy age pyramid The above-mentioned developments are clearly reflected in the Chinese age pyramid. The age cohorts between 30 and 39 years are the last two larger age cohorts. The cohorts between 15 and 24, which now enter childbearing age, are decisively smaller, which will have a negative effect on the number of births in the coming decade. When looking at a gender distribution of the population pyramid, a considerable gender gap among the younger age cohorts becomes visible, leaving even less room for growth in birth figures.
In 2024, the average annual per capita disposable income of rural households in China was approximately ****** yuan, roughly ** percent of the income of urban households. Although living standards in China’s rural areas have improved significantly over the past 20 years, the income gap between rural and urban households is still large. Income increase of China’s households From 2000 to 2020, disposable income per capita in China increased by around *** percent. The fast-growing economy has inevitably led to the rapid income increase. Furthermore, inflation has been maintained at a lower rate in recent years compared to other countries. While the number of millionaires in China has increased, many of its population are still living in humble conditions. Consequently, the significant wealth gap between China’s rich and poor has become a social problem across the country. However, in recent years rural areas have been catching up and disposable income has been growing faster than in the cities. This development is also reflected in the Gini coefficient for China, which has decreased since 2008. Urbanization in China The urban population in China surpassed its rural population for the first time in 2011. In fact, the share of the population residing in urban areas is continuing to increase. This is not surprising considering remote, rural areas are among the poorest areas in China. Currently, poverty alleviation has been prioritized by the Chinese government. The measures that the government has taken are related to relocation and job placement. With the transformation and expansion of cities to accommodate the influx of city dwellers, neighboring rural areas are required for the development of infrastructure. Accordingly, land acquisition by the government has resulted in monetary gain by some rural households.
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BackgroundParental household wealth has been shown to be associated with offspring health conditions, while inconsistent associations were reported among generally healthy population especially in low- and middle- income countries (LMICs). Whether the household wealth upward mobility in LMICs would confer benefits to child health remains unknown.MethodsWe conducted a prospective birth cohort of children born to mothers who participated in a randomized trial of antenatal micronutrient supplementation in rural western China. Household wealth were repeatedly assessed at pregnancy, mid-childhood and early adolescence using principal component analysis for household assets and dwelling characteristics. We used conditional gains and group-based trajectory modeling to assess the quantitative changes between two single-time points and relative mobility of household wealth over life-course, respectively. We performed generalized linear regressions to examine the associations of household wealth mobility indicators with adolescent height- (HAZ) and body mass index-for-age and sex z score (BAZ), scores of full-scale intelligent quotient (FSIQ) and emotional and behavioral problems.ResultsA total of 1,188 adolescents were followed, among them 59.9% were male with a mean (SD) age of 11.7 (0.9) years old. Per SD conditional increase of household wealth z score from pregnancy to mid-childhood was associated with 0.11 (95% CI 0.04, 0.17) SD higher HAZ and 1.41 (95% CI 0.68, 2.13) points higher FSIQ at early adolescence. Adolescents from the household wealth Upward trajectory had a 0.25 (95% CI 0.03, 0.47) SD higher HAZ and 4.98 (95% CI 2.59, 7.38) points higher FSIQ than those in the Consistently low subgroup.ConclusionHousehold wealth upward mobility particularly during early life has benefits on adolescent HAZ and cognitive development, which argues for government policies to implement social welfare programs to mitigate or reduce the consequences of early-life deprivations. Given the importance of household wealth in child health, it is recommended that socioeconomic circumstances should be routinely documented in the healthcare record in LMICs.
The World Values Survey (www.worldvaluessurvey.org) is a global network of social scientists studying changing values and their impact on social and political life, led by an international team of scholars, with the WVS association and secretariat headquartered in Stockholm, Sweden. The survey, which started in 1981, seeks to use the most rigorous, high-quality research designs in each country. The WVS consists of nationally representative surveys conducted in almost 100 countries which contain almost 90 percent of the world’s population, using a common questionnaire. The WVS is the largest non-commercial, cross-national, time series investigation of human beliefs and values ever executed, currently including interviews with almost 400,000 respondents. Moreover the WVS is the only academic study covering the full range of global variations, from very poor to very rich countries, in all of the world’s major cultural zones. The WVS seeks to help scientists and policy makers understand changes in the beliefs, values and motivations of people throughout the world. Thousands of political scientists, sociologists, social psychologists, anthropologists and economists have used these data to analyze such topics as economic development, democratization, religion, gender equality, social capital, and subjective well-being. These data have also been widely used by government officials, journalists and students, and groups at the World Bank have analyzed the linkages between cultural factors and economic development.
China
Household Individual
National Population, Both sexes,18 and more years
Sample survey data [ssd]
Sample size: 1000
The sample is a representative national sample of China containing 40 county/city sample units to collect individual level data of, from a political cultural perspective, the values and attitudes currently held by Chinese citizens. With considerations of representativeness, feasibility, and budgetary constrains, it was decided this project would draw a subsidiary probability sample out of a master sample that RCCC created based on its previous national survey on environmental awareness of the general public in China conducted in 1998. The Environmental Awareness Survey, which was used as a master sample, was a national survey conducted through out the entire country. The target population was the same as the one defined for this survey. Through the stratification, the proportionally allocated multi-stage PPS (probability proportional to size) technique was employed in order to obtain the self-weighted household samples. There were different stages in the sampling procedure: Counties and county-level cities are taken as primary sampling units (PSUs). Family households are the basic sampling unit. Demographic data at all levels was obtained from The Demographic Data for Chinese Cities and Counties, 1997, published by the State Bureau of Statistics.
Nation wide, there were 2,860 county-level units for the first stage sampling (including 1,689 counties, 436 county-level cities, and 735 urban district--with administrative rank equivalent to county--in large cities). The total households were 337,659,447. This was the base for establishing the sampling frames. Some readjustments: Taking into account of cost and accessibility, only the provincial capitals (Lhasa and Urumchi) and their surrounding areas in Tibet and Sinkiang were included in the sampling frame; in other remote western provinces, a few areas that are extremely hard to access were left out as well. After such readjustment the sampling frame then includes 2,708 county-level units, of which the total households are 322,002,173. Compared to the target population, there was a 5.3% reduction (152 units) in the first stage sampling units. However, since the population density in the remote areas of the western provinces is very low, the reduction counts merely 1.4% of the total households in the sampling frame. Geographical administrative divisions of China were regarded as the primary labels of stratification, that is, each province was treated as an independent stratum. Allocation of target sampling units among the sampling stages was designed as following: 135 PSUs out of the first sampling (county-level) units; 2 secondary sampling (townshiplevel) units in each of the PSUs; then 2 third sampling (village-level) units in each of the SSUs; 25 households in each of the third sampling units, on average. Based on the proportional stratification principle, sample allocation to strata was proportional to the size of each stratum, by an equal probability of f = .0042%. Within each stratum (province), sample sizes were calculated and allocated proportionally to each of the sampling stages. A self-weighted national sample thus was obtained.
Multi-stage PPS: -The first stage: equidistance PPS was employed to draw the county sample. -The second stage: in each of the chosen county-level units, a sampling frame was created based on the data of townships/ward and size measurement; then the equidistance PPS is employed to choose the township/streets sample. -The third stage: a third sampling frame was obtained from each of the chosen township-level units (neighbourhoods, villages and size measurement), and, again, the equidistance PPS is employed to choose the village/neighbourhood sample. -The fourth stage: in each of the chosen village/neighbourhood units, the official list of households registration was obtained; using the size measurement of this unit and the desired number of households to count the sampling distance, then households were selected according to the sampling interval. Since the household registration also listed all family members of each of the household, respondents were drawn randomly immediately after the household drawing. The WVS-China sample was drawn out of the above described master sample.
Some readjustments: Primarily because of the budgetary constrains of the WVS project, six remote provinces in the master sample were excluded. They were: Hainan, Tibet, Gansu, Qinghai, Ningxia, and Sinkiang. These provinces are all with very low population density, and all together they count 5.1% of the total population and 4.6% of total households of the country. After the adjustments, seven of the 139 county-level units of the master sample were removed. Therefore, the target 40 PSUs were to be drawn out of the remaining 132 units.
Sampling Stages: -The first stage: 40 units were drawn from 132 county-level units of the master sample were removed. Therefore, the 40 PSUs were to be drawn out of the remaining 132 units. -The second stage: one unit was chosen randomly out of the 2 original township-level units (SSUs) in each of the 40 selected PSUs. -The third stage: one unit was chosen randomly out of the 2 original village-level units in each of the selected SSUs. -The fourth stage: from each of the chosen village-level units, 35 households were drawn out of the household registration list with equidistance, along with one respondent in each selected household.
Remarks about sampling: -Sample unit from office sampling: Housing
Face-to-face [f2f]
As a participating country-team of the World Values Survey (WVS), the Research Center of Contemporary China (RCCC) at Peking University implemented the WVS-China survey in 2001. The target population covers those who are between 18 and 65 of age (born between July 2, 1935 and July 1, 1982), formally registered and actually reside in dowelings within the households in China when the survey is conducted.
The sample size was determined to be approximately 1,000 -- eligible individuals are to be drawn out of the above defined target population in China. Based on previous experience of response rate, it was decided to increase the target sample to 1,400 in order to reach a satisfied response rate. The final results are summarized as follows: - Target sample size: 1,400 - Sample drawn in the field: 1,385 - Completed, valid interviews: 1,000 - Response rate: 72.2% Summary of Non-Responses Types of Non-Responses (missing cases) % - Be away/not seen for several times: 145-37.7% - Be away for long time/be on a business trip/go abroad/travel:138-35.8% - The interviewer didnt write the reason: 23-6.0% - Rejection: 19-4.9% - Move/investigation reveals no this person: 15-3.9% - Impediments in body or language/at variance with qualification: 12-3.1% - Useless: 11-2.9% - Address is nor clear/cant find the address: 10-2.6% - A vacant house: 6-1.6% - Tenant: 6-1.6% - Total: 385-100%
Estimated Error: 3,2
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Abstract (en): The Research on Early Life and Aging Trends and Effects (RELATE) study compiles cross-national data that contain information that can be used to examine the effects of early life conditions on older adult health conditions, including heart disease, diabetes, obesity, functionality, mortality, and self-reported health. The complete cross sectional/longitudinal dataset (n=147,278) was compiled from major studies of older adults or households across the world that in most instances are representative of the older adult population either nationally, in major urban centers, or in provinces. It includes over 180 variables with information on demographic and geographic variables along with information about early life conditions and life course events for older adults in low, middle and high income countries. Selected variables were harmonized to facilitate cross national comparisons. In this first public release of the RELATE data, a subset of the data (n=88,273) is being released. The subset includes harmonized data of older adults from the following regions of the world: Africa (Ghana and South Africa), Asia (China, India), Latin America (Costa Rica, major cities in Latin America), and the United States (Puerto Rico, Wisconsin). This first release of the data collection is composed of 19 downloadable parts: Part 1 includes the harmonized cross-national RELATE dataset, which harmonizes data from parts 2 through 19. Specifically, parts 2 through 19 include data from Costa Rica (Part 2), Puerto Rico (Part 3), the United States (Wisconsin) (Part 4), Argentina (Part 5), Barbados (Part 6), Brazil (Part 7), Chile (Part 8), Cuba (Part 9), Mexico (Parts 10 and 15), Uruguay (Part 11), China (Parts 12, 18, and 19), Ghana (Part 13), India (Part 14), Russia (Part 16), and South Africa (Part 17). The Health and Retirement Study (HRS) was also used in the compilation of the larger RELATE data set (HRS) (N=12,527), and these data are now available for public release on the HRS data products page. To access the HRS data that are part of the RELATE data set, please see the collection notes below. The purpose of this study was to compile and harmonize cross-national data from both the developing and developed world to allow for the examination of how early life conditions are related to older adult health and well being. The selection of countries for this study was based on their diversity but also on the availability of comprehensive cross sectional/panel survey data for older adults born in the early to mid 20th century in low, middle and high income countries. These data were then utilized to create the harmonized cross-national RELATE data (Part 1). Specifically, data that are being released in this version of the RELATE study come from the following studies: CHNS (China Health and Nutrition Study) CLHLS (Chinese Longitudinal Healthy Longevity Survey) CRELES (Costa Rican Study of Longevity and Healthy Aging) PREHCO (Puerto Rican Elderly: Health Conditions) SABE (Study of Aging Survey on Health and Well Being of Elders) SAGE (WHO Study on Global Ageing and Adult Health) WLS (Wisconsin Longitudinal Study) Note that the countries selected represent a diverse range in national income levels: Barbados and the United States (including Puerto Rico) represent high income countries; Argentina, Cuba, Uruguay, Chile, Costa Rica, Brazil, Mexico, and Russia represent upper middle income countries; China and India represent lower middle income countries; and Ghana represents a low income country. Users should refer to the technical report that accompanies the RELATE data for more detailed information regarding the study design of the surveys used in the construction of the cross-national data. The Research on Early Life and Aging Trends and Effects (RELATE) data includes an array of variables, including basic demographic variables (age, gender, education), variables relating to early life conditions (height, knee height, rural/urban birthplace, childhood health, childhood socioeconomic status), adult socioeconomic status (income, wealth), adult lifestyle (smoking, drinking, exercising, diet), and health outcomes (self-reported health, chronic conditions, difficulty with functionality, obesity, mortality). Not all countries have the same variables. Please refer to the technical report that is part of the documentation for more detail regarding the variables available across countries. Sample weights are applicable to all countries exc...
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The global religious tourism market was valued at approximately $18 billion in 2023 and is projected to reach $30 billion by 2032, growing at a CAGR of 5.7%. This growth is fueled by an increasing interest in cultural and religious heritage, as well as the expanding accessibility of remote sacred sites through improved transport infrastructure. Factors such as rising disposable incomes and the growing popularity of spiritually enriching experiences are also contributing to the market's expansion. The market's dynamic nature and the blend of travel with spiritual exploration have created a unique niche that appeals to a broad demographic, offering a variety of experiences that transcend traditional tourist activities.
A significant growth factor in the religious tourism market is the global increase in spiritual and religious awareness. Many individuals are seeking deeper connections with their faiths and are opting for travel as a means to explore their spirituality. This trend is particularly prevalent among younger generations who are interested in understanding diverse cultures and religious practices. The rise of social media and digital platforms has further facilitated the exchange of information about spiritual destinations, inspiring more people to embark on religious journeys. With more communities opening their doors to visitors, religious tourism is providing opportunities for cultural exchange and understanding, contributing to its growth.
Another driving force for the market is the expanding accessibility of pilgrimage sites and religious destinations. Advances in transportation infrastructure, such as better road networks and affordable air travel, have made it easier for individuals to reach remote and sacred locations. Governments and private sectors are investing in infrastructure development to promote tourism, including religious tourism, as a means to boost their economies. Additionally, the introduction of virtual religious tours during the COVID-19 pandemic has maintained interest in religious sites, allowing potential tourists to plan future pilgrimages. This blend of physical and virtual accessibility is opening new avenues for growth in the religious tourism sector.
The demographic shift towards an aging population, particularly in developed countries, is also playing a crucial role in the market's growth. Seniors are increasingly looking to fulfill lifelong spiritual journeys, and religious tourism provides a structured way to undertake such travels. Tour operators are recognizing this trend and are tailoring packages to meet the needs of older travelers, ensuring comfortable and secure travel experiences. Coupled with health and wellness tourism, religious tourism appeals to this demographic seeking both spiritual fulfillment and relaxation. As the population ages, the demand for religious tourism is expected to continue its upward trajectory.
Regionally, the Asia Pacific dominates the religious tourism market, driven by the presence of numerous world-renowned religious sites such as those in India, China, and Southeast Asia. The region's rich cultural and religious diversity attracts millions of pilgrims and tourists annually. North America and Europe also hold substantial market shares, thanks to their historical religious landmarks and well-developed tourism infrastructure. The Middle East & Africa region, home to key religious sites and a rising focus on tourism, is anticipated to witness significant growth, further bolstered by the region's strategic initiatives to diversify their economies beyond oil. Each region presents unique opportunities and challenges, shaping the global landscape of religious tourism.
Religious tourism can be categorized into several types, including pilgrimages, missionary travel, religious conferences, and others. Pilgrimages represent a substantial segment of the market, as they are deeply rooted in many religious beliefs and practices, drawing millions of adherents each year. The historical and spiritual significance of pilgrimage sites often leads to both personal reflection and community building. This segment is particularly popular in regions with rich religious traditions, such as the Middle East, India, and parts of Europe. Advances in infrastructure and increased safety measures have made these journeys more accessible and appealing, further boosting this segment's growth.
Missionary travel constitutes another essential portion of the religious tourism market, although it operates somewhat differently than other types
According to the Hurun Global Rich List 2025, the United States housed the highest number of billionaires worldwide in 2025. In detail, there were *** billionaires living in the United States as of January that year. By comparison, *** billionaires resided in China. India, the United Kingdom, and Germany were also the homes of a significant number of billionaires that year. United States has regained its first place As the founder and exporter of consumer capitalism, it is no surprise that the United States is home to a large number of billionaires. Although China had briefly overtaken the U.S. in recent years, the United States has reclaimed its position as the country with the most billionaires in the world. Moreover, North America leads the way in terms of the highest number of ultra high net worth individuals – those with a net worth of more than ***** million U.S. dollars. The prominence of Europe and North America is a reflection of the higher degree of economic development in those states. However, this may also change as China and other emerging economies continue developing. Female billionaires Moreover, the small proportion of female billionaires does little to counter critics claiming the global economy is dominated by an elite comprised mainly of men. On the list of the 20 richest people in the world, only one was a woman. Moreover, recent political discourse has put a great amount of attention on the wealth held by the super-rich with the wealth distribution of the global population being heavily unequal.
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The global Indica Long Shaped Rice market size was valued at approximately USD 70 billion in 2023 and is projected to reach USD 105 billion by 2032, growing at a CAGR of 4.5% during the forecast period. This growth is primarily driven by increasing consumer demand for diverse rice products, expanding applications in various food segments, and rising global population. The growing awareness about the nutritional benefits of different types of Indica rice, as well as the increasing trend of health-conscious eating habits, further fuels market growth.
One of the significant growth factors for the Indica Long Shaped Rice market is the rising consumption of rice globally. Rice is a staple food for more than half of the world's population, particularly in Asia, where it is a primary source of calories. The high yield and adaptability of Indica rice varieties to different climatic conditions make them a preferred choice among farmers. Additionally, the growing awareness among consumers about the health benefits of whole-grain options like brown rice is boosting the market demand for these healthier alternatives.
Another key driver is the advancements in agricultural practices and technologies. The introduction of high-yielding and disease-resistant varieties has significantly improved rice production efficiency. Innovations in irrigation techniques and the application of fertilizers also contribute to increased rice yields. Moreover, governments in major rice-producing countries such as China, India, and Thailand are implementing supportive policies and subsidies, further enhancing rice production and market growth.
The growing middle-class population and increasing disposable incomes, particularly in emerging economies, are also propelling the market. As consumers' purchasing power increases, there is a higher demand for premium and specialty rice varieties. The convenience offered by processed and ready-to-cook rice products is another factor driving market growth, especially among urban consumers with busy lifestyles. Additionally, the expanding food service industry, including restaurants and fast-food chains, is contributing to the increasing demand for various types of Indica Long Shaped Rice.
Polished Rice, often referred to as white rice, undergoes a milling process that removes the husk, bran, and germ, resulting in a finer texture and a longer shelf life. This process, while reducing some of the nutritional content, enhances the rice's cooking qualities, making it a staple in many culinary traditions worldwide. The demand for Polished Rice remains robust due to its versatility and ease of preparation, fitting seamlessly into a variety of dishes from different cultures. As consumers continue to seek convenient and quick meal options, Polished Rice maintains its position as a favored choice in both household kitchens and the food service industry.
From a regional perspective, Asia Pacific remains the dominant market for Indica Long Shaped Rice, accounting for the largest share in 2023. This region is expected to continue its dominance during the forecast period due to the high production and consumption rates in countries like China, India, and Thailand. North America and Europe are also witnessing significant growth, driven by the increasing popularity of ethnic cuisines and the rising trend of healthy eating. The Middle East & Africa and Latin America are emerging markets with substantial growth potential, supported by improving agricultural practices and rising consumer awareness.
The Indica Long Shaped Rice market is segmented by product type into Parboiled Rice, White Rice, Brown Rice, and Others. Parboiled Rice, known for its nutritional benefits and versatility in cooking, occupies a substantial market share. The parboiling process makes the rice more nutritious by preserving its vitamins and minerals. This type is particularly popular in regions like South Asia and parts of Africa, where it is a staple in various traditional dishes. The demand for parboiled rice is also increasing in Western countries, where consumers are becoming more health-conscious and seeking nutrient-rich food options.
White Rice remains one of the most consumed rice types globally due to its versatility and pleasant taste. It is preferred in numerous traditional and contemporary recipes worldwide. Despite its lower nutritional value compared to other
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The global market size for luxurious private jets in 2023 is estimated to be worth $28.5 billion, and it is projected to reach $57.3 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.8%. This robust growth is driven by increasing demand for premium aviation experiences from high-net-worth individuals and corporate executives, who seek convenience, safety, and time efficiency that commercial airlines often cannot provide.
One of the primary growth factors in the luxurious private jet market is the escalating number of billionaires and high-net-worth individuals worldwide. Economic growth in emerging markets such as China and India has created a new class of wealthy individuals who are increasingly investing in luxury assets, including private jets. Additionally, the ability to customize jets with state-of-the-art technology and ultra-luxurious interiors has made them highly appealing to this demographic, further spurring market growth.
The COVID-19 pandemic has also played a significant role in accelerating the demand for private jets. As commercial airlines faced severe restrictions and risks of illness transmission, many affluent individuals and businesses turned to private aviation for safer and more flexible travel options. This shift is not just a short-term reaction but has led to a fundamental change in travel preferences, with long-lasting implications for the market.
Technological advancements in aviation are another critical driver for the market. Innovations such as improved fuel efficiency, enhanced safety features, and the integration of advanced avionics have made luxurious private jets more attractive. Furthermore, the development of electric and hybrid jets promises to revolutionize the market by offering more sustainable options, addressing growing environmental concerns among buyers.
From a regional perspective, North America leads the luxurious private jet market, owing to its high concentration of wealth and well-established aviation infrastructure. However, regions like Asia Pacific and the Middle East are catching up quickly due to burgeoning economic growth and increasing numbers of high-net-worth individuals. These regions are expected to witness the highest growth rates during the forecast period, driven by new investments in luxury aviation services.
The luxurious private jet market can be segmented by aircraft type into Light Jets, Mid-Size Jets, Large Jets, and Heavy Jets. Light jets, known for their cost efficiency and flexibility, are popular for short-haul flights. They offer the speed and convenience needed for quick trips while maintaining a level of luxury that appeals to many. However, their limited range and space can be a drawback for some clients who require longer or more spacious travel experiences.
Mid-Size Jets offer a balance between range and comfort, making them a versatile option for both short and medium-haul flights. These jets can typically accommodate 7 to 9 passengers and have more luxurious interiors compared to light jets. Their ability to fly longer distances non-stop makes them an attractive choice for business executives who need to travel frequently across different regions.
Large Jets are designed for long-haul international travel, offering unparalleled comfort and luxury. These jets come equipped with spacious cabins, advanced entertainment systems, and sometimes even separate living areas. They are favored by high-net-worth individuals and corporations who prioritize comfort and the ability to conduct business while in transit. However, the high operational costs can be a limiting factor for some buyers.
Heavy Jets, the epitome of luxury in the private aviation sector, offer the most extensive range and most opulent amenities. These jets can accommodate a larger number of passengers and provide lavish features such as bedrooms, showers, and full-service kitchens. They are ideal for ultra-long-haul flights and are often used by top-tier executives and heads of state. The high cost of acquisition and maintenance, however, restricts their ownership to the very wealthy.
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This statistic shows the preferred channels for China's high-net-worth individuals (HNWI) to receive private banking services as of 2018. According to the survey results, around ** percent of the surveyed HNWIs younger than 40 years old preferred to use mobile banking self-services, whereas ** percent of HNWIs who were 40 years and older preferred to visit bank branches themselves.
Among countries with the highest number of overseas Chinese on each continent, the largest Chinese diaspora community is living in Indonesia, numbering more than ten million people. Most of these people are descendants from migrants born in China, who have moved to Indonesia a long time ago. On the contrary, a large part of overseas Chinese living in Canada and Australia have arrived in these countries only during the last two decades. China as an emigration country Many Chinese people have emigrated from their home country in search of better living conditions and educational chances. The increasing number of Chinese emigrants has benefited from loosened migration policies. On the one hand, the attitude of the Chinese government towards emigration has changed significantly. Overseas Chinese are considered to be strong supporters for the overall strength of Chinese culture and international influence. On the other hand, migration policies in the United States and Canada are changing with time, expanding migration opportunities for non-European immigrants. As a result, China has become one of the world’s largest emigration countries as well as the country with the highest outflows of high net worth individuals. However, the mass emigration is causing a severe loss of homegrown talents and assets. The problem of talent and wealth outflow has raised pressing questions to the Chinese government, and a solution to this issue is yet to be determined. Popular destinations among Chinese emigrants Over the last decades, English speaking developed countries have been popular destinations for Chinese emigrants. In 2022 alone, the number of people from China naturalized as U.S. citizens had amounted to over 27,000 people, while nearly 68,000 had obtained legal permanent resident status as “green card” recipients. Among other popular immigration destinations for Chinese riches are Canada, Australia, Europe, and Singapore.
In the first quarter of 2024, almost two-thirds percent of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest 50 percent of earners only owned 2.5 percent of the total wealth. Income inequality in the U.S. Despite the idea that the United States is a country where hard work and pulling yourself up by your bootstraps will inevitably lead to success, this is often not the case. In 2023, 7.4 percent of U.S. households had an annual income under 15,000 U.S. dollars. With such a small percentage of people in the United States owning such a vast majority of the country’s wealth, the gap between the rich and poor in America remains stark. The top one percent The United States follows closely behind China as the country with the most billionaires in the world. Elon Musk alone held around 219 billion U.S. dollars in 2022. Over the past 50 years, the CEO-to-worker compensation ratio has exploded, causing the gap between rich and poor to grow, with some economists theorizing that this gap is the largest it has been since right before the Great Depression.
The statistic shows the growth in real GDP in Brazil from between 2020 and 2024, with projections up until 2030. In 2024, Brazil’s real gross domestic product increased by 3.4 percent compared to the previous year.Brazilian growth and civic unrestGDP is a reliable tool used to indicate the shape of a national economy. It is one of the most well-known and well-understood measurements of the state of a country. Gross domestic product, or GDP, is the total market value of all final services and goods that have been produced in a country within a given period of time, usually a year.Brazil has undergone a huge economic transformation in the course of the last decade and is now one of the fastest growing economies on the planet. It belongs to the BRIC club of countries, an acronym that refers to the countries Brazil, Russia, India and China, a group of countries which are considered to be at a relatively similar stage of new and advancing economic development. Economic reforms in Brazil have given the country a boost on the international stage, which has helped it to gain significantly in recognition and influence around the world.The domestic product growth rate in Brazil is progressing throughout the years. After a minor blip in 2009, when a short recession saw the rate of growth moving slightly backwards, the economy has picked itself up and fought back with an increase of an impressive 7.53 percent in 2010. Despite the rapid growth and the perceived increase in Brazilian domestic prosperity, the gap between rich and poor remains distinct. The lower class manifested themselves in the numerous protests that erupted across the South American state in the summer of 2013. For days, hundreds of thousands of Brazilians took to the streets to protest the increase of public transport fares, but the demonstrations evolved into a more general protest against increasing social inequalities among the Brazilian population, despite increased prosperity.
In 2023, Shanghai was the city with the largest GDP in China, reaching a value added of approximately *** trillion yuan. The four Chinese first-tier cites Beijing, Shanghai, Shenzhen, and Guangzhou had by far the strongest economic performance. Development of Chinese cities Rapid urbanization and economic growth have reshaped all Chinese cities since the economic opening up of China. While the first-tier cities have overall benefitted most from this development, the last two decades have seen many second-tier cities catching up. For many years already, growth rates in Qingdao, Hangzhou, Changsha, and Zhengzhou have been higher than in Shanghai or Beijing.This development was driven by lower costs in smaller cities, a specialization of their economies, and political measures to support inland cities and ease the pressure on the largest municipalities. Today, per capita GDP in cities such as Suzhou, Nanjing, and Shenzhen is already higher than in Beijing or Shanghai. Future perspectives Competition between cities will further change China’s urban landscape in the future. Medium-sized cities that can provide an attractive economic environment have the potential to grow their economy at a faster pace, attract immigration, and further increase their relative importance. Cities that are losing their competitive edge, however, like Shenyang, Dalian, and other cities in the northeastern rustbelt, are increasingly confronted by economic stagnation and demographic decline.
Since the beginning of the 21st century, the BRICS countries have been considered the five foremost developing economies in the world. Originally, the term BRIC was used by economists when talking about the emerging economies of Brazil, Russia, India, and China, however these countries have held annual summits since 2009, and the group has expanded to include South Africa since 2010. China has the largest GDP of the BRICS country, at 16.86 trillion U.S. dollars in 2021, while the others are all below three trillion. Combined, the BRICS bloc has a GDP over 25.85 trillion U.S. dollars in 2022, which is slightly more than the United States. BRICS economic development China has consistently been the largest economy of this bloc, and its rapid growth has seen it become the second largest economy in the world, behind the U.S.. China's growth has also been much faster than the other BRICS countries; for example, when compared with the second largest BRICS economy, its GDP was less than double the size of Brazil's in 2000, but is almost six times larger than India's in 2021. Since 2000, the country with the second largest GDP has fluctuated between Brazil, Russia, and India, due to a variety of factors, although India has held this position since 2015 (when the other two experienced recession), and it's growth rate is on track to surpass China's in the coming decade. South Africa has consistently had the smallest economy of the BRICS bloc, and it has just the third largest economy in Africa; its inclusion in this group is due to the fact that it is the most advanced and stable major economy in Africa, and it holds strategic importance due to the financial potential of the continent in the coming decades. Future developments It is predicted that China's GDP will overtake that of the U.S. by the end of the 2020s, to become the largest economy in the world, while some also estimate that India will also overtake the U.S. around the middle of the century. Additionally, the BRICS group is more than just an economic or trading bloc, and its New Development Bank was established in 2014 to invest in sustainable infrastructure and renewable energy across the globe. While relations between its members were often strained or of less significance in the 20th century, their current initiatives have given them a much greater international influence. The traditional great powers represented in the Group of Seven (G7) have seen their international power wane in recent decades, while BRICS countries have seen theirs grow, especially on a regional level. Today, the original BRIC countries combine with the Group of Seven (G7), to make up 11 of the world's 12 largest economies, but it is predicted that they will move further up on this list in the coming decades.
In May 2025, the index for consumer confidence in China ranged at ** points, up from **** points in the previous month. The index dropped considerably in the first half of 2022 and performed a sideways movement during 2023 and 2024. Consumer confidence Index The consumer confidence index (CCI), also called Index of Consumer Sentiment (ICS) is a commonly used indicator to measure the degree of economic optimism among consumers. Based on information about saving and spending activities of consumers, changes in business climate and future spending behavior are being projected. The CCI plays an important role for investors, retailers, and manufacturers in their decision-making processes. However, measurement of consumer confidence varies strongly from country to country. As consumers need time to react to economic changes, the CCI tends to lag behind other indicators like the consumer price index (CPI) and the producer price index (PPI). Development in China As shown by the graph at hand, confidence among Chinese consumers picked up since mid of 2016. In October 2017, the CCI hit a record value of 127.6 index points and entered into a sideward movement. Owing to a relative stability in GDP growth, a low unemployment rate, and a steady development of disposable household income, Chinese consumers gained more confidence in the state of the national economy. Those factors also contribute to the consumers’ spending power, which was reflected by a larger share of consumption in China’s GDP. After the outbreak of the coronavirus pandemic, consumer confidence dropped quickly in the beginning of 2020, but started to recover in the second half of the year, leading to a v-shaped movement of the index in 2020.
In 2024, the average annual inflation rate in China ranged at around 0.2 percent compared to the previous year. For 2025, projections by the IMF expect slightly negative inflation. The monthly inflation rate in China dropped to negative values in the first quarter of 2025. Calculation of inflation The inflation rate is calculated based on the Consumer Price Index (CPI) for China. The CPI is computed using a product basket that contains a predefined range of products and services on which the average consumer spends money throughout the year. Included are expenses for groceries, clothes, rent, power, telecommunications, recreational activities, and raw materials (e.g. gas, oil), as well as federal fees and taxes. The product basked is adjusted every five years to reflect changes in consumer preference and has been updated in 2020 for the last time. The inflation rate is then calculated using changes in the CPI. As the inflation of a country is seen as a key economic indicator, it is frequently used for international comparison. China's inflation in comparison Among the main industrialized and emerging economies worldwide, China displayed comparatively low inflation in 2023 and 2024. In previous years, China's inflation ranged marginally above the inflation rates of established industrialized powerhouses such as the United States or the European Union. However, this changed in 2021, as inflation rates in developed countries rose quickly, while prices in China only increased moderately. According to IMF estimates for 2024, Zimbabwe was expected to be the country with the highest inflation rate, with a consumer price increase of about 561 percent compared to 2023. In 2023, Turkmenistan had the lowest price increase worldwide with prices actually decreasing by about 1.7 percent.
There are approximately 8.16 billion people living in the world today, a figure that shows a dramatic increase since the beginning of the Common Era. Since the 1970s, the global population has also more than doubled in size. It is estimated that the world's population will reach and surpass 10 billion people by 2060 and plateau at around 10.3 billion in the 2080s, before it then begins to fall. Asia When it comes to number of inhabitants per continent, Asia is the most populous continent in the world by a significant margin, with roughly 60 percent of the world's population living there. Similar to other global regions, a quarter of inhabitants in Asia are under 15 years of age. The most populous nations in the world are India and China respectively; each inhabit more than three times the amount of people than the third-ranked United States. 10 of the 20 most populous countries in the world are found in Asia. Africa Interestingly, the top 20 countries with highest population growth rate are mainly countries in Africa. This is due to the present stage of Sub-Saharan Africa's demographic transition, where mortality rates are falling significantly, although fertility rates are yet to drop and match this. As much of Asia is nearing the end of its demographic transition, population growth is predicted to be much slower in this century than in the previous; in contrast, Africa's population is expected to reach almost four billion by the year 2100. Unlike demographic transitions in other continents, Africa's population development is being influenced by climate change on a scale unseen by most other global regions. Rising temperatures are exacerbating challenges such as poor sanitation, lack of infrastructure, and political instability, which have historically hindered societal progress. It remains to be seen how Africa and the world at large adapts to this crisis as it continues to cause drought, desertification, natural disasters, and climate migration across the region.
In 2024, the total population of Taiwan increased to approximately 23.4 million people. The significant drop in 2021 and 2022 was mainly due to people leaving the island during the coronavirus pandemic, while the natural growth rate was also slightly negative. The return of many people in 2023 led to a growth in population. According to national statistics and projections, population numbers entered a general declining path in 2020. Taiwan's demographic development Taiwan experienced rapid population growth in the 1950s and 60s, but alongside with economic development, growth rates decreased significantly. Falling birth figures have also been attributed to Taiwan’s family planning policy, which was aimed at keeping population growth at check. This led to a situation on the island where overall population density was very high and still growing, while the total fertility rate dropped quickly and eventually reached extremely low levels compared internationally. In the 21st century, the challenges of a quickly aging society became more and more apparent and the government initiated family friendly and birth promoting policies. However, fertility still kept on decreasing and reached a historical low in 2010 at 0.9 births per woman on average, and only in recent years has the number of births increased slightly. Implications of an aging society Today's Taiwan, like many East Asian societies, faces the challenges of a rapidly aging population. While the share of the population aged 65 and older accounted to around 18 percent in 2023, it is projected to reach 43 percent in 2060. The old-age dependency ratio, which denotes the relation of people of 65 years and above to the working-age population, is expected to reach around 87 percent in those years. This puts heavy pressure on the working people and the economy as a whole. However, compared to mainland China, which is in a very much comparable demographic situation, Taiwan enjoys the advantage of a relatively wealthy society, which helps to curb the negative economic effects of an aging population.
The statistic shows Mexico’s GDP from 1987 to 2024, with projections up until 2030. In 2024, Mexico’s GDP amounted to approximately 1.85 trillion U.S. dollars.Economy of MexicoGDP is an indicator primarily used to gauge the state and health of a national economy. GDP is the total market value of all final goods and services that have been produced within national borders in a given period of time, usually a year. GDP gives us an insight into a country’s economic development over a period of time, how its development fits in with international shifts and how it is affected by the factors that affect market economies.The demand among some segments of the Chinese workforce for fairer payment, coupled with higher transportations costs, have been key factors in increasing the competitiveness of Mexican manufacturing, with some suggestions being made that it is already cheaper than China for the many industries that serve the lucrative United States market. The Mexican economy is, however, far from trouble-free. And although the gross domestic product in Mexico has been increasing, it is showing that it is struggling to match up to the fast pace of growth and prosperity being seen in some of the BRIC countries, as well as the usual suspects of economic success, the United States, Canada and others.Inequality in Mexico remains a huge problem. The education system in the federation’s thirty-one states is in dire need of reform, and in some of the states, especially in those closest to the US border, brutal criminal drug lords'rule. It is important for Mexicans that they embrace the opportunity that they find themselves presented with at present and harness the energy of their large population , the newly arrived foreigners and their educated youth, in order to provide the country with the future prosperity that it most desperately needs.
As of 2023, the bulk of the Chinese population was aged between 25 and 59 years, amounting to around half of the population. A breakdown of the population by broad age groups reveals that around 61.3 percent of the total population was in working age between 16 and 59 years in 2023. Age cohorts below 25 years were considerably smaller, although there was a slight growth trend in recent years. Population development in China Population development in China over the past decades has been strongly influenced by political and economic factors. After a time of high fertility rates during the Maoist regime, China introduced birth-control measures in the 1970s, including the so-called one-child policy. The fertility rate dropped accordingly from around six children per woman in the 1960s to below two at the end of the 20th century. At the same time, life expectancy increased consistently. In the face of a rapidly aging society, the government gradually lifted the one-child policy after 2012, finally arriving at a three-child policy in 2021. However, like in most other developed countries nowadays, people in China are reluctant to have more than one or two children due to high costs of living and education, as well as changed social norms and private values. China’s top-heavy age pyramid The above-mentioned developments are clearly reflected in the Chinese age pyramid. The age cohorts between 30 and 39 years are the last two larger age cohorts. The cohorts between 15 and 24, which now enter childbearing age, are decisively smaller, which will have a negative effect on the number of births in the coming decade. When looking at a gender distribution of the population pyramid, a considerable gender gap among the younger age cohorts becomes visible, leaving even less room for growth in birth figures.