The Rising Influence of Rising Affluence

[DewDiligence]

51% of China’s 1.35B people live in cities, up from about 20% in 1980:

http://online.wsj.com/article/SB10001424052970203735304577166652002366514.html

Compared to other emerging markets, China’s urbanization still has a long, long way to go, as can be seen from the charts in #msg-56438958.

McKinsey, the consulting firm, forecasts that China’s urban population will reach 1B by 2030, which implies a 2012->2030 increase in China’s urban population that is larger then the total US population in 2012.

See #msg-56407145, #msg-70416781, #msg-70959130, #msg-57188901, and the table in #msg-48556414 for related info.