Consumer tidal wave on the way: China's middle class | csmonitor.com

Consumer tidal wave on the way: China's middle class | csmonitor.com: "Grant expects 700 million Chinese to have joined the 'consumer class' by 2020 compared with less than 100 million today.

That adds up to a five-fold increase in urban consumer spending over the next 20 years to $2.3 trillion a year, according to a recent McKinsey report 'From Made in China to Sold in China.'"