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
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Mike Norman considers the following as important: Chinese economy
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It’s way past time to stop calling China the world’s factory.The dragon is waking up.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....
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