There are a number of predictions for the future growth of the Chinese middle class from Goldman Sacks, the Boston Consulting Group, and McKinsey Global Institute. The numbers are more or less the same.
In my forthcoming book The Chinese Dream, I mainly cite predictions from the McKinsey report From ‘Made in China’ to ‘Sold in China’: The Rise of the Chinese Urban Consumer. (For the definition of the Chinese middle class, please see my previous post).
Continue reading The Growth of the Chinese Middle Class
