Did you know in 2000, just 4% of China's urban population was considered middle class?
Did you know by 2012, that number soared to 68%?
To put that into perspective…
In 2000, around 5 million people in China were consider middle class.
More than a decade later, around 230 million people in China are now considered middle class.
But here's where it gets even more interesting…... ››› more
In 2013, demand for gold in the Chinese private sector soared to record levels of 1,132 tonnes. The World Gold Council (WGC) anticipates China's demand for the yellow metal to grow another 20% by 2017. This underlines the fact that China loves gold. So what's driving the gold market in China? Let's take a closer look…
Chinese gold driver #1: An emerging middle class
Until recent years, China... ››› more
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