That is because the average Chinese (and Asians in general) are getting richer.
What's not a slam dunk are changes in the average Chinese person's attitude.
Even the cheapest PCs can cost an average Chinese city-dweller several months' wages.
Average Chinese investors are buying gold as a hedge against inflation, according to a feature story in China Daily on Tuesday.
StatCounter notes that Cisco Systems Inc. data indicate that the average Chinese user generates far less traffic than the average American user.
Today's average Chinese citizen takes a much more pragmatic view of homegrown products -- they are buying foreign handsets in record numbers.
In China, only about 5% do, and despite falling prices the machines are still too expensive and complicated for the average Chinese family.
In the next few years, wage and benefits will increase 15% to 20% per worker at the average Chinese factory, according to the research.
FORBES: A Changing Chinese Economy Can Aid American Manufacturing
As the country grows and the average Chinese sees an increase in buying power, we expect to see a growing shift in demand from 2G to 3G smartphones.
The average Indian was scarcely richer than the average Chinese.
As the country grows and the average Chinese buyer sees an increase in buying power, we expect to see a growing shift in demand from 2G to 3G smartphones.
FORBES: Apple Faces A China Mobile-Sized Stumbling Block Limiting Its Reach
As the country grows and the average Chinese buyer sees an increase in purchasing power, we expect to see a growing shift in demand from 2G to 3G smartphones.
The fact that an average Chinese consumer is able to afford Starbucks comes with a feel-good factor as a few years ago he or she might not have been in the position to do so.
On average, a Chinese millionaire is 39 years old, has an average of four luxury watches, vacations in France, and owns a business.
FORBES: Why The Next Apple, FedEx Or McDonald's Won't Come Out Of Europe
Soft-drink consumption is relatively tiny in developing nations: The Chinese average 23 servings a year, compared with Germans' 344 and Americans' 872.
In 1950, the average age for urban Chinese women to marry for the first time was just under 20.
In other words, if the price of Chinese goods to American consumers increased by 21 percent (on average) and Americans reduced their consumption of Chinese goods by less than 21 percent, then demand would be considered inelastic, the price effect would dominate, and total import value would rise (adding to the trade deficit).
FORBES: Economists Ignore the Facts in Supporting Chinese Currency Legislation
The Credit Suisse report reveals that the average household income of the Chinese middle class increased 98% between 2004 and 2009.
FORBES: Times Have Changed: No More 'China Produces and America Consumes'
The Credit Suisse report reveals that the average household income of the Chinese middle class increased 98 percent between 2004 and 2009.
FORBES: Times Have Changed: No More "China Produces and America Consumes"
On average, the big-four Chinese banks are down 29% this year in Hong Kong trading, yet analysts have remained steadfastly bullish.
But over the same period, data from research firm FactSet says, investors in Chinese companies have on average barely beaten inflation, in dollar terms, by one percentage point a year.
And with 1.3 billion Chinese people, whose average incomes have quadrupled in the last four years, it's small wonder that for the time being, Hanting is concentrating on the local market.
Average housing prices in 100 major Chinese cities fell by a slower pace on a month-to-month basis in May, slipping 0.31% from April when they were down 0.34% from March, according to the China Real Estate Index System, a private data provider.
Accredited Chinese schools enrolled, on average, 40% more students in 2011 than in 2010.
In the past ten years, Chinese paintings have enjoyed an average 25% increase in value annually, Hu said.
None of the Chinese brands exceeded the industry average there in initial quality.
The survey found that the Chinese immigrants, with an average time of being in the United States of just under six years, were almost all likely to have bank accounts.
By 2025, the report forecast, growth would decline to an annual average of 5%, as the Chinese work force ages, productivity slows and infrastructure and other investments produce lower returns.
Also, the average price of housing in 100 major Chinese cities rose in August for the third straight month, indicating that the decline in property prices appears to have bottomed out.
应用推荐