SpokenTruth said:
Middle class - 430 million. |
Cars are necessities that a gaming console isn’t. And while China purchased more cars (because there is more growth there), the average car price is lower by 42% compared to the US, which is why, in 2015, the US new car sales is 40% higher than China in terms of value:
http://www.autonews.com/article/20150316/RETAIL01/303169975/chinas-got-sales-u.s.-has-riches
Middle class is defined as an annual salary of $9k to $16k. Upper middle class is $16k to $34k per year. And that’s by household too:
http://www.businessinsider.com/chinas-middle-class-is-exploding-2016-8?IR=T








