China & India Go Shopping

In the most recent edition of Foreign Policy Magizine, the "In Box" section featured a brief article on the rise of Chinese and Indian consumers. In brief, by the year 2025 the two Asian giants will add 1 billion consumers to the global middle class.

Further examination was done to predict exactly what these consumers will be buying. Focusing just on China, by 2025 the Chinese will boast the largest middle class in the world. Their predicted spending preferences will fall on food and alcohol (roughly $375 billion), transportation and communication ($320 billion), and recreation and education ($300 billion). This compares to the 2005 spending of $80 billion, $30 billion, and $40 billion, respectively. So... invest wisely!