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China’s Engel’s coefficient close to UN well-off line

China’s Engel’s coefficient, which measures food expenditure as a proportion of total household spending, has approached the well-off line set by the UN, and such changes have even benefited the European market. China’s Engel’s coefficient in 2016 stood at 30.1%, close to the well-off line of 20 to 30 percent set by the UN, said […]

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