Predictions for the growing Chinese middle class consumer:

The world’s second biggest economy is set to create 260 million more middle class consumers by 2020.

The upper affluent with household income greater than 240K will increase to 36 million from 3 million while those with household annual income between 120-240K will soar to 161 million from 39 million. The middle class (75-125K) will rise to 203 million from 99 million. Consumption by this affluent class nearly match or exceed countries like Japan, India, Germany, and France.

Shared at a press conference in Shanghai this week by L’Oreal’s Chairman & CEO Jean-Paul Agon, who highlighted this enormous opportunity to add to its customer base.

Shared at a press conference in Shanghai this week by L’Oreal’s Chairman & CEO Jean-Paul Agon, who highlighted this enormous opportunity to add to its customer base.

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