This statistic shows the percentage share of China's middle class consumption in the world in 2015 with forecasts for 2020 and 2030. According to the forecast, China's middle class consumption would account for approximately ** percent of the total middle class consumption worldwide in 2030.

This statistic shows the number of China's middle class population in 2002 and a forecast for 2020. According to the forecast, the middle class in China would grow to approximately *** million by 2020.

By 2030, the middle-class population in Asia-Pacific is expected to increase from **** billion people in 2015 to **** billion people. In comparison, the middle-class population of sub-Saharan Africa is expected to increase from *** million in 2015 to *** million in 2030. Worldwide wealth While the middle-class has been on the rise, there is still a huge disparity in global wealth and income. The United States had the highest number of individuals belonging to the top one percent of wealth holders, and the value of global wealth is only expected to increase over the coming years. Around ** percent of the world’s population had assets valued at less than 10,000 U.S. dollars, while less than *** percent had assets of more than one million U.S. dollars. Asia had the highest percentage of investable assets in the world in 2018, whereas Oceania had the highest percentage of non-investable assets. The middle-class The middle class is the group of people whose income falls in the middle of the scale. China accounted for over half of the global population for middle-class wealth in 2017. In the United States, the debate about the middle class “disappearing” has been a popular topic due to the increase in wealth among the top billionaires in the nation. Due to this, there have been arguments to increase taxes on the rich to help support the middle class.

Disposable Income per Capita: Urban: Middle Income data was reported at 48,508.000 RMB in 2024. This records an increase from the previous number of 46,276.000 RMB for 2023. Disposable Income per Capita: Urban: Middle Income data is updated yearly, averaging 8,678.295 RMB from Dec 1985 (Median) to 2024, with 40 observations. The data reached an all-time high of 48,508.000 RMB in 2024 and a record low of 737.280 RMB in 1985. Disposable Income per Capita: Urban: Middle Income data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Household Survey – Table CN.HD: Income by Income Level. Since 2013, All households in the sample are grouped, by per capita disposable income of the household, into groups of low income, lower middle income, middle income, upper middle income, and high income, each group consisting of 20%, 20%, 20%, 20%, and 20% of all households respectively.

Disposable Income per Capita: Middle Income data was reported at 33,925.000 RMB in 2024. This records an increase from the previous number of 32,195.000 RMB for 2023. Disposable Income per Capita: Middle Income data is updated yearly, averaging 24,111.810 RMB from Dec 2013 (Median) to 2024, with 12 observations. The data reached an all-time high of 33,925.000 RMB in 2024 and a record low of 15,697.999 RMB in 2013. Disposable Income per Capita: Middle Income data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Household Survey – Table CN.HD: Income by Income Level.

China Consumption Exp per Capita: Urban: Upper Middle Income: Household Facility, Article & Service data was reported at 1,346.210 RMB in 2012. This records an increase from the previous number of 1,277.090 RMB for 2011. China Consumption Exp per Capita: Urban: Upper Middle Income: Household Facility, Article & Service data is updated yearly, averaging 472.550 RMB from Dec 1985 (Median) to 2012, with 23 observations. The data reached an all-time high of 1,346.210 RMB in 2012 and a record low of 96.360 RMB in 1985. China Consumption Exp per Capita: Urban: Upper Middle Income: Household Facility, Article & Service data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Household Survey – Table CN.HD: Consumption Structure by Income Level: Urban.

China boasts the fastest growing GDP of all developed nations. Neighboring regions will have the largest middle class in history. China is building transport infrastructure to take advantage. Companies that capture market share in this region will be the largest and best performing over the next decade.

Macro Tailwinds

1) China GDP is the fastest growing of any major country with expected 5-6% over the next decade. If businesses (Alibaba, Tencent, etc..) maintain flat market share, that alone will drive 5-6% over the next decade. This is already higher than JP Morgans expectation (from their 13f filings) that the US market will perform between -5% and +5% over this coming decade.

2) The Southeast Asia Region contains about 5 billion people. China is constructing the One Best One Road which will be completed by 2030. This will grant their businesses access to the fastest and largest growing middle class in human history. Over the next 10+ years this region will be home to the largest middle class in history, potentially over 10x that of North America and Europe, based on stock price in Google Sheets.

Increasing average Chinese income.

Chinese average income has more than doubled over the last decade. Having sustained the least economic damage from the virus, this trend is expected to continue. At this pace the average Chinese citizen salary will be at 50% of the average US by 2030 (with stock price in Excel provided by Finsheet via Finnhub Stock Api), with the difference being there are 4x more Chinese. Thus a market potential of almost 2x the US over the next decade.

The Southeast Asia Region now contains the largest total number of billionaires, this number is expected to increase at an increasing rate as the region continues to develop. Over the next 10 years the largest trading route ever assembled will be completed, and China will be the primary provider of goods to 5b+ people

2013 North America was home to the largest number of billionaires. This reversed with Asia over the following 5 years. This separation is expected to continue at an increasing rate. Why does this matter? Over the next 10 years the largest trading route ever assembled will be completed, and China will be the primary provider of goods to 5b+ people

Companies that can easily access all customers in the world will perform best. This is good news for Apple, Microsoft, and Disney. Disney stock price in Excel right now is $70. But not for Amazon or Google which at first may sound contrary as the expectation is that Amazon "will take over the world". However one cannot do that without first conquering China. Firms like Alibaba and Tencent will have easy access to the global infrastructure being built by China in an attempt to speed up and ease trade in that region. The following guide shows how to get stock price in Excel.

We will explore companies using a:

1) Past

2) Present (including financial statements)

3) Future

4) Story/Tailwind

Method to find investing ideas in these regions. The tailwind is currently largest in the Asia region with 6%+ GDP growth according to the latest SEC form 4 from Edgar Company Search. This is relevant as investments in this region have a greater margin of safety; investing in a company that maintains flat market share should increase about 6% per year as the market growth size is so significant. The next article I will explore Alibaba (NYSE: BABA), and why I recently purchased a large position during the recent Ant Financial Crisis.

China Disposable Income per Capita: Upper Middle Income data was reported at 53,359.000 RMB in 2024. This records an increase from the previous number of 50,220.000 RMB for 2023. China Disposable Income per Capita: Upper Middle Income data is updated yearly, averaging 37,850.925 RMB from Dec 2013 (Median) to 2024, with 12 observations. The data reached an all-time high of 53,359.000 RMB in 2024 and a record low of 24,361.249 RMB in 2013. China Disposable Income per Capita: Upper Middle Income data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Household Survey – Table CN.HD: Income by Income Level.

This statistic compares the share of the global wealth middle class population in China in 2000 and 2020. In 2020, China accounted for around ** percent of the global wealth middle class population, an increase from around ** percent in 2000.

China Disposable Income per Capita: Urban: Upper Middle Income data was reported at 68,151.000 RMB in 2024. This records an increase from the previous number of 65,430.000 RMB for 2023. China Disposable Income per Capita: Urban: Upper Middle Income data is updated yearly, averaging 11,827.130 RMB from Dec 1985 (Median) to 2024, with 40 observations. The data reached an all-time high of 68,151.000 RMB in 2024 and a record low of 861.960 RMB in 1985. China Disposable Income per Capita: Urban: Upper Middle Income data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Household Survey – Table CN.HD: Income by Income Level. Since 2013, All households in the sample are grouped, by per capita disposable income of the household, into groups of low income, lower middle income, middle income, upper middle income, and high income, each group consisting of 20%, 20%, 20%, 20%, and 20% of all households respectively.

In 2024, the number of people living in the middle class and above in China amounted to over **** billion. In Brunei, over ***** thousand people were middle class and above, accounting for 100 percent of the country's population that year.

China Consumption Exp per Capita: Urban: Middle Income: Food data was reported at 6,061.370 RMB in 2012. This records an increase from the previous number of 5,467.090 RMB for 2011. China Consumption Exp per Capita: Urban: Middle Income: Food data is updated yearly, averaging 2,032.810 RMB from Dec 1985 (Median) to 2012, with 23 observations. The data reached an all-time high of 6,061.370 RMB in 2012 and a record low of 392.760 RMB in 1985. China Consumption Exp per Capita: Urban: Middle Income: Food data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Household Survey – Table CN.HD: Consumption Structure by Income Level: Urban.

As of January 2022, the largest share of Chinese middle-class families had an annual income of between *** thousand and *** thousand yuan per year. According to the same survey, almost ** percent of respondents have at least one child. Many middle-class families in China face significant financial burdens because not only do living costs continuously increase but they also often have to support their parents. In that case, one family has to care for four elders and least one kid.

In China, the share of the population that earned at least the equivalent of the highest ** percent of global income earners as of 2022 in purchasing power parity (PPP) terms was **** percent. Hangzhou topped the list with the highest share of middle-class and above category of consumers.

China Consumption Exp per Capita: Urban: Middle Income: Recreation, Educational & Cultural Service data was reported at 1,785.450 RMB in 2012. This records an increase from the previous number of 1,637.100 RMB for 2011. China Consumption Exp per Capita: Urban: Middle Income: Recreation, Educational & Cultural Service data is updated yearly, averaging 660.700 RMB from Dec 1985 (Median) to 2012, with 23 observations. The data reached an all-time high of 1,785.450 RMB in 2012 and a record low of 70.560 RMB in 1985. China Consumption Exp per Capita: Urban: Middle Income: Recreation, Educational & Cultural Service data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Household Survey – Table CN.HD: Consumption Structure by Income Level: Urban.

China Food Service Market was valued at USD 122.5 Billion in 2024 and is projected to reach USD 232.4 Billion by 2032, growing at a CAGR of 6.5% from 2026 to 2032.Key Market Drivers:Rising Urban Middle Class with Higher Disposable Income: China's growing middle class continues to drive national food service expansion. According to the National Bureau of Statistics of China, urban disposable income per capita would reach 49,283 yuan in 2023, up 5.1% year on year despite economic headwinds. According to the China Cuisine Association, middle-class households spend roughly 19.4% of their food expenditure on dining out, up from 14.7% in 2019. Furthermore, the Chinese Academy of Social Sciences reported that tier-two and tier-three cities saw the fastest growth in food service expenditure at 11.3% in 2023, indicating that wealth is extending beyond megacities and creating significant new markets.Rising Urban Middle Class with Higher Disposable Income: China's expanding middle class continues to fuel national food service expansion. According to the National Bureau of Statistics of China, urban disposable income per capita will be 49,283 yuan in 2023, growing 5.1% year on year despite economic headwinds. According to the China Cuisine Association, middle-class households spend approximately 19.4% of their food budget on eating out, up from 14.7% in 2019. Furthermore, the Chinese Academy of Social Sciences found that tier-two and tier-three cities experienced the greatest growth in food service expenditure in 2023, at 11.3%, demonstrating that affluence is spreading beyond megacities and establishing major new markets.

The China retail market was valued at USD 1.94 Trillion in 2024. The industry is expected to grow at a CAGR of 8.30% during the forecast period of 2025-2034. The fast-growing middle-class population is one major factor for the expanding retail market in the country. As disposable income grows, more customers acquire the buying capacity to spend on retail products. This shift in demographics creates a greater demand for consumer goods. Retailers have expanded their assortments and improved shopping experiences to broaden the scope for this fast-multiplying middle-class group. In turn, all these factors have resulted in the market attaining a valuation of USD 4.31 Trillion by 2034.

Supplementary information files for article Socio-economic disparities in child-to-adolescent growth trajectories in China: Findings from the China Health and Nutrition Survey 1991-2015

Backgrounds: Socio-economic disparities in growth trajectories of children from low-/middle-income countries are poorly understood, especially those experiencing rapid economic growth. We investigated socio-economic disparities in child growth in recent decades in China. Methods: Using longitudinal data on 5,095 children/adolescents (7-18y) from the China Health and Nutrition Survey (1991-2015), we estimated mean height and BMI trajectories by socio-economic position (SEP) and sex for cohorts born in 1981-85, 1986-90, 1991-95, 1996-2000, using random-effects models. We estimated differences between high (urbanization index ≥median, household income per capita ≥median, parental education ≥high school, or occupational classes I-IV) and low SEP groups. Findings: Mean height and BMI trajectories have shifted upwards across cohorts. In all cohorts, growth trajectories for high SEP groups were above those for low SEP groups across SEP indicators. For height, socio-economic differences persisted across cohorts (e.g. 3.8cm and 2.9cm in earliest and latest cohorts by urbanization index for boys at 10y, and 3.6cm and 3.1cm respectively by household income). For BMI, trends were greater in high than low SEP groups, thus socio-economic differences increased across cohorts (e.g. 0.5 to 0.8kg/m2 by urbanization index, 0.4 to 1.1kg/m2 by household income for boys at 10y). Similar trends were found for stunting and overweight/obesity by SEP. There was no association between SEP indicators and thinness. Interpretation: Socio-economic disparities in physical growth persist among Chinese youth. Short stature was associated with lower SEP, but high BMI with higher SEP. Public health interventions should be tailored by SEP, in order to improve children’s growth while reducing overweight/obesity.

The China home mortgage finance market, while experiencing a period of adjustment following recent regulatory changes, presents a compelling long-term investment opportunity. The market's size in 2025 is estimated at $4 trillion USD, reflecting a significant contribution from a large and growing population, ongoing urbanization, and government initiatives aimed at affordable housing. The historical period (2019-2024) likely saw robust growth, though fluctuating due to factors such as macroeconomic conditions and policy shifts. While precise figures for this period are unavailable, industry analysis suggests a CAGR in the high single digits to low double digits, considering the sustained growth in the overall real estate sector before the recent regulatory tightening. The forecast period (2025-2033) anticipates a more moderate, yet still positive, CAGR, influenced by government efforts to curb excessive speculation and promote sustainable growth in the housing market. This moderation reflects a shift towards a more balanced and controlled expansion of the mortgage finance sector. Despite recent regulatory interventions aimed at managing risk within the financial system, the underlying demand for housing in China remains substantial. Continued urbanization, a growing middle class seeking improved living standards, and government policies supporting affordable housing will contribute to the market's long-term resilience. The focus is now shifting towards a more sustainable model of growth, prioritizing responsible lending practices and minimizing systemic risks. This necessitates adaptation within the mortgage finance sector, leading to innovative lending models, enhanced risk management strategies, and increased technological adoption. The market’s future will depend on successfully navigating these challenges while continuing to meet the housing needs of a large and dynamic population. Recent developments include: October 2022: HSBC expands China's private banking network and launches in two new cities., September 2022: China Construction Bank Corp., one of the country's four largest state-owned lenders, will set up a 30-billion-yuan (USD 4.2 billion) fund to buy properties from developers. The move comes even as policymakers take steps to contain a real estate crisis weighing on the economy.. Notable trends are: Favorable Mortgage Rates is Expected to Drive the Market.

This statistic shows the size of the urban middle class population in China from 2005 to 2010. Middle class includes households with an annual income between ****** and ******* yuan. In 2005, the urban middle class in China encompassed **** million people.