It is interesting to compare a breakdown of the consumers in China with those in the United States. The definition of middle class individual income in the United States varies from $25,000 to $100,000 a year depending on where you live. The national median for individual income in the United States is $32,000. This compares with an average middle class income in China of $11,733.
A report from Bloomberg Business shows that the working population in China is 770 million compared with 146 million in the United States. Of those, 19% of the population in China is considered to be middle class. Only 0.2% of the Chinese population is considered “wealthy” with an average annual income of $500,000. Approximately 50% of the workers in China are rural workers with an average annual income of $2,000. Migrant workers with an annual income of $5,858 make up 30.6% of the population. Interestingly these migrant workers spend an average of $7 per day on food and clothing.