A blueprint for profitable retailing in China - Tesco PLC
A blueprint for profitable retailing in China - Tesco PLC
A blueprint for profitable retailing in China - Tesco PLC
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Growth of the urban middle class<br />
Growth <strong>in</strong> Urban Population, 2005-2025<br />
Population,<br />
millions of people<br />
Source: McK<strong>in</strong>sey Global Institute Ch<strong>in</strong>a<br />
% of Households Grouped by Income<br />
25%<br />
Source: Euromonitor<br />
Annual disposable <strong>in</strong>come at constant FX rates<br />
Low: US$5,000-US$15,000; High: >US$15,000<br />
Page 5<br />
1,000<br />
800<br />
600<br />
400<br />
200<br />
0<br />
44%<br />
56%<br />
66%<br />
2005 2025<br />
Urban Population Non Urban Population<br />
34%<br />
2005 2010 2020<br />
5%<br />
70%<br />
37%<br />
10%<br />
53%<br />
Forecast<br />
33%<br />
Low Income Middle Income High Income<br />
Forecast<br />
45%<br />
22%<br />
•<br />
•<br />
•<br />
•<br />
Steady growth <strong>in</strong><br />
urbanisation<br />
221 cities of >1m<br />
population by 2025<br />
– 35 <strong>in</strong> Europe currently<br />
Grow<strong>in</strong>g urban middle<br />
class<br />
Boom<strong>in</strong>g car ownership<br />
– 85m cars <strong>in</strong> 2010<br />
– 390m cars by 2030
Change language