The good news is that the world’s development agencies are waking up to the idea that income level is going to be key to future world growth. They are also starting to recognise that the vast majority of people in the emerging economies are not ”middle-class” with near-Western standards of living. Thus a major new Study from the […]
Asian Development Bank
2 great myths are helping to destroy company profits as we transition to the New Normal:
• In the West, it is that ‘recovery is just around the corner’
• In emerging economies, that everyone is now ‘middle class’
Sadly, this latter claim makes no…
China’s auto market growth has clearly stalled.
As the chart above shows, August figures (red square) continued the trend of recent months, and were only 5% above 2010 levels (brown line). Rao Da, head of China’s automotive association, also repeat…