Middle class' appetite for spending 'still growing'

Timothy Stratford participated in a panel discussion at the FutureChina Global Forum and is quoted in this Straits Times article regarding the growing appetite of the Chinese middle class for consumption despite fears of a spending slowdown. Noting the sky-rocketing growth of Chinese outbound investment, Stratford said that between 2002 and 2007, Chinese investment in the United States grew by 52 per cent, but between 2008 and 2013, it expanded by 631 per cent.