Chart of the week: China’s expanding middle-class muscle

Between 2006 and 2016, average incomes in China more than tripled from about $3,000 to $10,000 per year.

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Between 2006 and 2016, average incomes in China more than tripled from about $3,000 to $10,000 per year. According to McKinsey, 76% of China's urban population will be considered middle class (defined as an urban household that rakes in $9,000- $34,000 a year) by 2022.

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