Summary

• China is the fastest growing consumer market in the world
• In 2010, China overtook Japan as the world's second largest economy
• 1.3 billion residents; representing over one-fifth of the world's population
• Nearly one-third of the world's "under 25" year olds lives in China
• As of April 2011, China approached one million "millionaires", a growth rate of 9.7% from 2010
• The average age of China's millionaires is 39 years old - a full 15 years younger than their western counterparts
• Chinese advertising revenues approached $28 billion USD in 2011
• Online advertising revenues alone reached $1.7 billion USD in 2011
• Since 2001, over 300 million new Chinese consumers have achieved "middle class" status; the fastest growth of such a market segment in modern history
• In 2011 China had a GDP growth rate of 9.5 percent comparative with the US GDP whose growth rate is at 2.5 percent
• As of 2011, China has more than 500 million Internet users
• The number of mobile phone subscribers in China increased 70 million in the first half of 2011, boosting the total number to 952.3 million subscribers
• There are 625 million more cell phones in use in China than in the U.S.
• In 2011, China's fast growing e-commerce market grew to $250 billion USD
• There are nearly 230 million social networking users in China
• China is the largest exporter in the world
• China exports nearly $1.5 trillion USD of goods annually
• Housing prices rose nationwide 13.7% in 2010
• China is only slightly smaller than the U.S. in terms of land, but their population is four and a half times larger than the US