I wonder how that compares to the financial demographics of China? I had the imp... | Hacker News

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kbelder on May 10, 2021 | parent | context | favorite | on: The Ultimate Guide to Inflation

I wonder how that compares to the financial demographics of China? I had the impression they were bringing more citizens up into the lower-middle class, but I might have just uncritically accepted some spin.

alex_smart on May 11, 2021 [–]

China's per capita GDP is over 10,000 USD. Their middle class is already huge.

I think a decent analogy is that Chinese market is approximately the size of USA and India's is approximately the size of Canada.

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