The middle-class market in China represents between 200 million and 250 million people â€“ about two-thirds the size of the total U.S. population. Of that figure, about 80 million individuals are middle class, by American standards. The rest are middle class by Chinese standards.
Most of the middle-class market is currently in the coastal regions of China, including Beijing, Shanghai, Guangzhou, and Shenzhen. Twenty-five of the top 30 cities in terms of per capita GDP are on a sea coast.
For more than 20 years, manufacturers went to China for cheap labor, cheap products, and cheap manufacturing, primarily for export, now companies want to capitalise on the opportunities to move product domestically. The discussion is no longer only about cheap supply; itâ€™s about a market that is growing at unprecedented rates and the reason to manufacture there now is as much for the domestic market as to manufacture low-cost products for export.
Tap into Freedom Logistics experience in international trade importing and exporting with China.
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