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Jeffrey Towson
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“Over the past 30 years, approximately 300 million people have moved into China’s middle class. And according to the OECD Development Centre, the forecast is for another 200 million people to move into the middle class by 2026. This means the Asia Pacific region, which in 2009 represented 18% of the world’s middle class, will reach 66 percent by 2030. Let’s repeat that. Over the next 15 years, Asia will go from 20 percent to 66 percent of the world’s middle class. At the same time, the developed markets of North America and Europe, which held a combined 54 percent of the global middle class in 2009, are forecast to drop to only 21 percent by 2030. Basically, follow the money. Asia’s middle class consumers are the future. Learn Mandarin.”
― The One Hour China Book (2017 Edition): Two Peking University Professors Explain All of China Business in Six Short Stories
― The One Hour China Book (2017 Edition): Two Peking University Professors Explain All of China Business in Six Short Stories
“According to the Boston Consulting Group, 7 percent of Chinese netizens drive 40 percent of online sales. These social enthusiasts and key opinion leaders (i.e., those who spend the most time on social-media websites) can significantly influence a company's image.”
― The One Hour China Book (2017 Edition): Two Peking University Professors Explain All of China Business in Six Short Stories
― The One Hour China Book (2017 Edition): Two Peking University Professors Explain All of China Business in Six Short Stories
“A few facts about China’s manufacturing juggernaut: China is the world’s largest manufacturer with over $2.2 trillion in manufacturing value-added. Its manufacturing base has increased by over 18 times in the last 30 years. China produces 80 percent of the world’s air-conditioners, 90 percent of the world’s personal computers, 75 percent of the world’s solar panels, 70 percent of the world’s cell phones, and 63 percent of the world’s shoes. Manufacturing is 40 percent of the Chinese GDP and directly employs 130 million people, a number that has been relatively stable over the past decades. Within this space, there are a huge number of Chinese companies fiercely competing. For example, there are now over 30,000 building materials companies in China making everything from ceramic tiles to wood flooring.”
― The One Hour China Book (2017 Edition): Two Peking University Professors Explain All of China Business in Six Short Stories
― The One Hour China Book (2017 Edition): Two Peking University Professors Explain All of China Business in Six Short Stories
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