If growth slowed to 4%, consumption could hit 46% of GDP output by 2025, or an annual spending increase of 126%, to 420 trillion yuan, or $68 trillion.
The think tank argues that the economy will also enjoy a good boost from Chinese consumers since consumption can take off from a relatively low base. From 2011, consumption in China made up 28% of real GDP, compared to 76% in the U.S., 67% in Brazil, 60% in Japan, 59% in Germany and 52% in India.
CHIQ, which debuted in late 2009, has nearly $86 million in assets under management.
[related_stories]Global X China Consumer ETF
