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by chvid 3735 days ago
> That's implying a Chinese economy that is nearly the size of the entire global economy today.

Yes.

> Support your position then.

The Business Insider article mistankenly says pr. year where it should have said pr. month.

Sharetea must have somehow stumbled on this as he introduces a "." in the quote so 85 USD becomes 8.50 USD.

The correct numbers are in the report:

http://demandinstitute.org/demandwp/wp-content/uploads/2015/...

"Only 12% reported monthly household income of more than 20,000 yuan ($3,200), or $85 a day."

Where group that is referred to is the group of "connected consumers". The group is 368 mio. Chinese pt.