Friedman

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    • Wed Dec 5th 17:04 PM | Rating: 0 0
      Commented on:
      Should I Invest in China?
      From the "reliable" Wikipedia:

      As of 2003, the distribution of urban household income:

      Average per capita disposable income by quintile: Y 9,061 [U.S.$1,095]

      first quintile: Y 3,285
      second quintile: Y 5,377
      third quintile: Y 7,279
      fourth quintile: Y 9,763
      fifth quintile: Y 17,431

      That middle class will really be buying a ton of cars, homes, technology products, etc.
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