The Rising Influence of Rising Affluence

[DewDiligence]

From today’s Cover story in Barron’s:

http://online.barrons.com/article/SB50001424053111904239304577574970933460292.html

China's relentless urbanization will induce more of its citizens to open their wallets. By 2020, about 850 million Chinese will live in urban areas, up from 650 million in 2010, says a McKinsey study. One in every five city-dwellers will be a first-generation migrant, and the range of goods catering to this urban sprawl makes brand choices a bigger individual statement. From Shanghai to Shenzhen, you are what you wear, where you shop, and what you drive.

Also the branded (generic) drugs that you take.

See #msg-71084341 (including the embedded links at the bottom) and the chart in #msg-56438958 for related info.