In 2006, McKinsey predicted that the by 2025, the Chinese middle class would reach 612 million and China would become the third largest consumer market in the world after the U.S. and Japan.
Last week a Chinese regulator said that it would heighten supervision over Apple and other electronics companies' consumer-rights practices, in the first public signal from the government that it would take concrete steps in response to the media reports.
This ETF gives access to the Chinese materials and commodities sector that would benefit from increased home building and the purchase of consumer appliances and furniture associated with it.