In 2018, the majority of Chinese urban households, around 135 million, were in the upper aspirant affluency class. According to McKinsey data analysis, the growth of disposable income is lifting Chinese urban households to the mass affluent class and above. By 2030, around 162 million households in China are projected to be mass affluent.
Number of urban households in China from 2010 to 2030, by affluency
(in millions)
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McKinsey & Company. (July 1, 2019). Number of urban households in China from 2010 to 2030, by affluency (in millions) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1037593/china-urban-household-number-by-affluency/
McKinsey & Company. "Number of urban households in China from 2010 to 2030, by affluency (in millions)." Chart. July 1, 2019. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1037593/china-urban-household-number-by-affluency/
McKinsey & Company. (2019). Number of urban households in China from 2010 to 2030, by affluency (in millions). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1037593/china-urban-household-number-by-affluency/
McKinsey & Company. "Number of Urban Households in China from 2010 to 2030, by Affluency (in Millions)." Statista, Statista Inc., 1 Jul 2019, https://www.statista.com/statistics/1037593/china-urban-household-number-by-affluency/
McKinsey & Company, Number of urban households in China from 2010 to 2030, by affluency (in millions) Statista, https://www.statista.com/statistics/1037593/china-urban-household-number-by-affluency/ (last visited November 22, 2024)
Number of urban households in China from 2010 to 2030, by affluency (in millions) [Graph], McKinsey & Company, July 1, 2019. [Online]. Available: https://www.statista.com/statistics/1037593/china-urban-household-number-by-affluency/