 |  |  | | | McKinsey: China to have the world's fourth-largest number of wealthy households by 2015 | | | By 2015, China is expected to have more than 4 million wealthy households,
making it the world's fourth-largest country in terms of its number of wealthy
households after the United States, Japan, and the United Kingdom, says a new
report by global management consultants McKinsey & Company. The number of
wealthy households–defined as urban households with annual income in excess of
250,000 renminbi–reached 1.6 million in 2008. The research, which included
face-to-face interviews with 1,750 wealthy households from 16 cities in China,
highlights the rapidly growing and fast-changing nature of China’s wealthy
consumers. | Read more |
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