Email

info@ls-invest.asia

TH: +66 (0) 91 821 5557

US: +1 (702) 512 - 8349

Compare Listings

The Chinese Dream is coming true for millions

The Chinese Dream is coming true for millions

China’s middle class is now the biggest in the world, and growing much faster than America’s, according to research by Credit Suisse.

There are 109 million Chinese with wealth of between $50,000 and $500,000. Since 2000, twice as many Chinese as Americans have joined the middle class.

Credit Suisse measured wealth rather than income to avoid temporary changes caused by unemployment, for example.

Chinese are getting richer at an astonishing rate. Wealth per adult has quadrupled to about $22,500 since 2000. The country now accounts for a fifth of the world’s population, while holding about 10% of global wealth.

“The wealth of the country’s households could well continue to leapfrog the growth rates of developed economies,” Credit Suisse said.

China should also see the number of millionaires soar 74% to 2.3 million by 2020, according to the report.

A report by UBS and PricewaterhouseCoopers found that a new billionaire was created almost every week in China in the first quarter of the year.

Make a right investment

img

Sivana Dee

Whether you are a first time buyer or looking to expand your investment portfolio, we are here to service your every need. Allow LS-Invest.ASIA to assist you in creating your new “LifeStyle”. The right time is now to look no further than LS-Invest.ASIA Based in Phuket, our mission is to introduce a fresh outlook on luxury property investment in Thailand with a uniquely international perspective

Related posts

Immigration looks to cut crowding

Wants 90-day report to be made online The Immigration Bureau (IB) wants foreign residents not to...

Continue reading about Immigration looks to cut crowding
Sivana Dee
by Sivana Dee

Coronavirus: Thailand suspends visa-free policy but consulate insists Hong Kong not affected

Travelers from South Korea, Italy and Hong Kong now need visas to enter the kingdom, according...

Continue reading about Coronavirus: Thailand suspends visa-free policy but consulate insists Hong Kong not affected
Sivana Dee
by Sivana Dee

Coronavirus Live Updates: Trump’s Travel Restrictions, Italy in Lockdown and N.B.A. Suspension

The World Health Organization declared a global pandemic. Tom Hanks tested positive for the...

Continue reading about Coronavirus Live Updates: Trump’s Travel Restrictions, Italy in Lockdown and N.B.A. Suspension
Sivana Dee
by Sivana Dee

Join The Discussion

×

Hello,

thank you for visiting LS-Invest.ASIA! My name is Sanne, how may I help you today?

× How can I help you?