The Rising Influence of Rising Affluence

[benfrankledger]

$YINN - China has grown rapidly over the past three decades and, now, makes up over one-seventh of the global economy. It is the world's largest exporter, a top tier importer, and has the largest base of consumers in the world.

Though some reports indicate India may have eclipsed China in terms of population, they do not posses similar purchasing power.

2016 saw average Chinese annual income at 67,569 Yuan (roughly $10,209) as opposed to India which saw a 2015-2016 fiscal income average of Rs 93,293 (roughly $1,436).