By 2013, disposable income had reached $24,565 per person. That's astounding. Disposable income grew by two orders of magnitude.
Saturday, January 11, 2014
China's Disposable Income Grew Two Orders of Magnitude in a Decade
China is a big deal for business in general, the Internet, mobile and application businesses. But it is easy to forget how fast the underpinnings of the market are growing. A decade ago, disposable income per person was about $472.
By 2013, disposable income had reached $24,565 per person. That's astounding. Disposable income grew by two orders of magnitude.
By 2013, disposable income had reached $24,565 per person. That's astounding. Disposable income grew by two orders of magnitude.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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