Financials Dec 04, 2021 04:29 PM (GMT+8) · EqualOcean
Financial Associated Press, December 4 - Huang Qifan, chairman of the academic committee of the International Financial Forum (IFF) and distinguished professor of Fudan University, pointed out when attending the 18th global annual meeting of the International Financial Forum on the 4th that at present, China's residents' disposable income accounts for about 42% of GDP; The proportion is expected to rise to 50% by 2030 and 52% after 2035. In this process, with the increase of residents' disposable income, it is expected that by 2035, the 400 million middle-income group will increase to 800 million, the 600 million low-income group will halve, and the domestic consumption capacity will be greatly improved.

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