The Rise of China's New Consumer Class

Published on22 SEP 2015

Joshua Lu, co-business unit leader of Asia Consumer Research at Goldman Sachs, discusses how rising incomes and a growing middle class are poised to drive consumption growth in the world’s second-largest economy, with significant economic implications for the rest of the world.

In the coming years, we see that rising income will bring a couple hundred million people into the consumer class. And that is what makes China extremely important in the coming decade.

- Joshua Lu

Joshua Lu
Co-Business Unit Leader, Consumer Research Team, Global Investment Research, Goldman Sachs