Coverage of Disruptive Science and Technology
June 24, 2007
McKinsey has more projections of changes in China's per capita wealth
Chinese migrate to the cities for higher-paying work, they are steadily climbing the income ladder. By 2011, McKinsey research suggests, China should have a lower middle class of 290 million people; by 2025, the upper middle class will be 520 million strong
By 2015 the exchange rate is likely to be in the range of 5 RMB to 1 USD instead of 2007 7.6 RMB to 1 USD.
By 2025 the exchange rate would likely by 3 RMB to 1 USD.
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