Sunday, April 24, 2016

China middle-class income outpaces U.S., CNN reports

Via Billy

 China Manufacturing

The average middle-class family in China earns about $8,000 less than their American counterparts, but the growth they have seen in their income dwarfs that of U.S. families, according to a CNN report.

It's what being called the "Asian miracle" -- a 70 percent bump in Chinese income from 1988 to 2008, when U.S. and other developed countries only saw a 4 percent increase. Popular opinion is that China has benefited far more from an improved trade climate than the nations with which it has strengthened commerce ties.

More @ NOLA

1 comment:

  1. That last sentence is why the Chinese politicians don't want Trump in the US presidents job.