fighter said:
Nicklesbe said:
Ka-pi96 said:
China also has one of, if not the, largest middle classes in the world that have plenty of money to spend on luxuries...
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Except for the fact that their middle class = the poor in most countries since their middle class is much different than the rest of the world. http://money.cnn.com/2012/04/25/news/economy/china-middle-class/
In the US for example 10k-60k a year is considered poor not middle class. Tho 60k a year would be considered lower middle class which in this current economy might as well be the working class or poor in the US which is around 32k a year which is a significant amount more than the majority of China's middle class. http://en.wikipedia.org/wiki/American_middle_class. Again the majority of the people in china arn't even middle class which would be considered poor by Amercian standards. It would still be insane to charge them $600 for a $400 machine when their middle class makes signicantly less than Americas.
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LOL
The Drum Major Institute...places the range for middle class at individuals making between $25,000 and $100,000 a year. Ah yes, there's a group of people bound to run into each other while house-hunting.
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That's one source from 2005. There are other more accurate sources listed that put middle class at 100k and 60k at the top of working class or the poor. I agree tho that is a large gap and those people arn't likely to see each other. The sad thing tho is it's still better than the majority of China's middle class.