China’s Middle Class income is rising
Our Asian edge Index and trend indicator clearly stated back in 2005, that China would lead the way in economic growth and eventually overtake the US in many areas. China now boasts the World’s Largest Middle Class, and it is growing much faster than our Middle-Class.
According to Credit Suisse109 million, Chinese have savings network that ranges from $50,000 to $500,000. The momentum gained traction in 2000; since that time, China’s Middle Class has grown at twice the U.S rate. To avoid changes such as unemployment, Credit Suisse, measured wealth rather than income. Hence, these numbers are quite shocking, when you consider that the average worker in the U.S does not even have $5,000 in savings. Makes you wonder which country is 3rd world and which one is the 1st world.
China accounts for a fifth of the World Population but accounts for 10% of the Global Wealth. In the years to come the pace will continue to increase, eventually propelling China to the number one place.
China’s Middle Class Income & Clout Are Surging
China has the World’s second most Millionaires and is creating them at a faster rate than the U.S. Currently, China has more than one million millionaires. However, China now has the most billionaires in the World, and this means its just a matter of time before the have the most millionaires too.
The number of millionaires in China is projected to surge by over 70% and could top 2.3 million by 2020. A stunning new report from UBS and PricewaterhouseCoopers established that one new billionaire was being created every week. If that is not stunning then we don’t know what is; note this is all going on during a supposedly strong recession.
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All Smoke and Mirrors – The Debt bubbles all around the world will pop and these Chinese Middle Classers will be eating Canine again
The US is on it’s way out because 200 million Whites will not be able to carry the burden of so many low IQ third worlders that is growing by thousands every day. China still has a lot of poverty, but almost all of their poor are high IQ Chinese. There is no better forecaster of future prosperity than a high IQ and hence a highly educable population. China has this and the US average IQ is rapidly decreasing.