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LVMHF - 4 Ways To Play The Secular Growth In The Chinese Consumer
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One of the major growth stories of the next decade is likely to be the long-term growth of the Chinese middle class in both urban and regional centers. China's middle class today is close to 300M in size today, and this is expected to increase to almost 800M in size by 2030. This rising middle class with increased consumption power will help in the transformation of the Chinese economy from a manufacturing economy to one that is more oriented to domestic consumption. Much of this growth in the Chinese middle class will come from the