Tracy Chen — Chinese Consumers Now Rule the World. Get Used to It.

Summary:
It’s way past time to stop calling China the world’s factory.The country is increasingly the world’s consumer. Forget the old investment and export-focused growth model. Even more important is the changing nature of consumption, which no longer revolve around staples: Increasing sums are being plowed into movies, tourism and health care. Investors ignore this seismic shift at their peril.... The dragon is waking up.Bloomberg View Chinese Consumers Now Rule the World. Get Used to It. Tracy Chen

Topics:
Mike Norman considers the following as important: Chinese economy

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