The Rising Influence of Rising Affluence

[DewDiligence]

Blurb on China’s urban migration and GDP growth that’s simple and notable:

http://online.barrons.com/article/SB50001424052748704882404578382541810970924.html

China grows by moving people from the farms to the cities, and every time someone moves off the farm into the city, they contribute six times more to GDP than they did on the farm. If you do this 10 or 20 million times per year, you get 6% to 8% GDP growth just out of the demographics.