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 percentage share of China's middle class population in 2010 with a forecast for 2020. According to the forecast, the middle class in China would account for approximately ** percent of the total population by 2020.

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.

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.

China Consumption Exp per Capita: Urban: Middle Income: Household Facility, Article & Service data was reported at 1,033.640 RMB in 2012. This records an increase from the previous number of 923.350 RMB for 2011. China Consumption Exp per Capita: Urban: Middle Income: Household Facility, Article & Service data is updated yearly, averaging 343.060 RMB from Dec 1985 (Median) to 2012, with 23 observations. The data reached an all-time high of 1,033.640 RMB in 2012 and a record low of 77.160 RMB in 1985. China Consumption Exp per Capita: Urban: 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.

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 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.

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 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.

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.

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.

Hong Kong HK: Imports: Low- and Middle-Income Economies: % of Total Goods Imports: Middle East & North Africa data was reported at 0.090 % in 2016. This records a decrease from the previous number of 0.108 % for 2015. Hong Kong HK: Imports: Low- and Middle-Income Economies: % of Total Goods Imports: Middle East & North Africa data is updated yearly, averaging 0.131 % from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 0.841 % in 1968 and a record low of 0.006 % in 1983. Hong Kong HK: Imports: Low- and Middle-Income Economies: % of Total Goods Imports: Middle East & North Africa data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hong Kong SAR – Table HK.World Bank.WDI: Imports. Merchandise imports from low- and middle-income economies in Middle East and North Africa are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Middle East and North Africa region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.; ; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; Weighted average;

China Net Income per Capita: Rural Household: Wage: Middle Income data was reported at 3,196.412 RMB in 2012. This records an increase from the previous number of 2,739.837 RMB for 2011. China Net Income per Capita: Rural Household: Wage: Middle Income data is updated yearly, averaging 1,450.075 RMB from Dec 2002 (Median) to 2012, with 11 observations. The data reached an all-time high of 3,196.412 RMB in 2012 and a record low of 716.180 RMB in 2002. China Net Income per Capita: Rural Household: Wage: 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 and Expenditure by Income Level: Rural.

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.

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.

China Income per Capita: Urban: Middle Income data was reported at 24,531.410 RMB in 2012. This records an increase from the previous number of 21,439.700 RMB for 2011. China Income per Capita: Urban: Middle Income data is updated yearly, averaging 5,346.020 RMB from Dec 1985 (Median) to 2012, with 28 observations. The data reached an all-time high of 24,531.410 RMB in 2012 and a record low of 805.200 RMB in 1985. China 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 and Expenditure 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.

In 2024, the industrial sector generated around 30.1 percent of China's GDP. It was by far the largest contributor, followed by the wholesale and retail industry that was responsible for 10.2 percent and the financial sector that produced 7.3 percent of the country's economic output. Since China is the second-largest economy in the world, the industrial sector’s output alone exceeded the entire economy of Germany. China’s export and investment-driven economy China economic development of the early 2000s was mainly driven by investments and exports. A country's gross domestic product (GDP) consists of three parts: Consumption, investments, and net exports. Typically, emerging economies rely mainly on investments and exports for growing their economy and China was no exception. By the end of the 2010s, investments fueled more than 40 percent of China's GDP and exports were responsible for almost another 20 percent. In comparison to that, in most developed economies, investments make up only 20 percent of the economic output. Instead, the main economic driver is consumption. The economic structure in China created a huge industrial sector. For instance, China was the biggest steel exporter, the leading merchandise exporter, and exported more than a third of global household goods. Great push towards transformation In early 2018, the Chinese government proclaimed that the country's economy had reached a new development stage where consumption and services replaced investment and manufacturing as the main driver of economic growth. The fear of the middle-income trap and changing demographics were the main reasons for Beijing's emphasis on economic transformation. Although incomes in China had not stagnated, policymakers attempted to preempt “getting stuck” by steering the economy towards high-quality growth and consumption-focus. Furthermore, a society that was older and had a higher share of middle-class population had different requirements to the economy. In the case of a successful transformation, China's economy would become more similar to those of developed nations. For instance, the financial sector was the largest contributor to the United States economy. In the case of Germany, the service sector generates the largest share of gross domestic product.

As of January 2022, almost 70 percent of middle class families were planning to invest in public funds. Other popular financial products among this demographic included commercial insurance, stocks, and wealth management products. Only around one-fifth of respondents stated that they were going to deposit their money in a savings account.

News Subscription Service Market Outlook

The global news subscription service market size was valued at approximately USD 12.5 billion in 2023 and is projected to reach USD 22.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.0% during the forecast period. The increasing demand for reliable and unbiased news content, driven by the proliferation of digital devices and rising internet penetration, is a significant factor propelling the growth of this market. With more consumers seeking high-quality news that is free from misinformation, the subscription model is gaining momentum as a preferred mode of accessing news content.

The surge in digital literacy across the globe is one of the key growth factors influencing the news subscription service market. As more individuals become adept at using digital platforms, there is an increasing inclination towards digital news consumption. The convenience of accessing news on-the-go through smartphones and tablets has tremendously boosted digital subscriptions. Moreover, the shift in consumer behavior towards personalized and ad-free content has further fueled the demand for subscription-based news services, as consumers are willing to pay for tailored content that meets their specific interests and preferences.

Another critical driver of the market is the ongoing digitization and technological advancements in the media industry. With the advent of artificial intelligence and machine learning technologies, news providers are increasingly able to offer personalized content recommendations, enhancing user engagement and satisfaction. This technological integration allows for a more interactive user experience, which is crucial for increasing subscription numbers. Additionally, the ability to access historical archives, exclusive articles, and multimedia content has made subscription services more attractive to consumers, thereby driving market growth.

Furthermore, the global awareness of the importance of supporting quality journalism is playing a crucial role in the expansion of the news subscription service market. In an era where fake news can distort public perception, consumers are emphasizing the need for credible news sources, often opting for paid subscriptions to support journalistic integrity. The increasing collaboration between news agencies and tech platforms to combat misinformation also underscores the importance of reliable news sources, thereby enhancing the market's growth prospects.

Regionally, North America currently stands as the largest market for news subscription services, driven by the presence of major media organizations and a tech-savvy population willing to invest in quality content. Europe follows closely, where an increasing number of individuals are subscribing to digital news platforms for timely updates and analysis. The Asia Pacific region is anticipated to witness the highest growth rate during the forecast period, attributable to its vast population and rapid digitalization. Countries like India and China, with their expanding middle-class populations and increasing internet penetration, are significant contributors to this growth trajectory. Meanwhile, Latin America and the Middle East & Africa are also expected to experience steady growth, although at a comparatively slower pace.

Subscription Type Analysis

The news subscription service market is segmented into digital, print, and hybrid subscription types. The digital subscription segment dominates the market, as consumers increasingly favor digital platforms for their news consumption. The convenience of accessing news digitally via mobiles, tablets, and desktops is a primary factor driving this trend. Digital subscriptions often come with the added benefit of multimedia content, such as videos and podcasts, which enhance the news consumption experience. Moreover, digital subscriptions tend to offer more timely updates and breaking news alerts, which are increasingly important for today's fast-paced lifestyles.

While print subscriptions have seen a decline, they remain relevant, particularly among older demographics who prefer the tactile experience of reading a physical newspaper. Print subscriptions still hold a significant share in regions where digital literacy is comparatively low, or where there is limited internet access. These subscriptions often appeal to a niche market that values the aesthetic and traditional aspects of print media. Some consumers also appreciate the curated and in-depth analysis often found in print editions, which may not always be available in digital formats.