Sean King

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Knoxville, Tennessee, United States

Saturday, August 16, 2008

The World's Booming Middle Class

Next Big Future: In 2000, developing countries were home to 56% of the global middle class, but by 2030 that figure is expected to reach 93%. China and India alone will account for two-thirds of the expansion, with China contributing 52% of the increase and India 12%. The expectation is of the nearly 700 million new middle class by 2030 that nearly 350 million will be from China.

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