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reACTIONary

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Member since: Sun Jun 5, 2011, 07:28 PM
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China economic relationship already being redefined

After four decades of economic reform, China is morphing from a low-wage exporter into the largest consumer market for a growing number of industries

After four decades of economic reform, China is morphing from a low-wage exporter into the largest consumer market for a growing number of industries Chinese consumers for the first time last year bought more Cadillacs than Americans did, helping drive profits at General Motors.

"We’re at the end of a period of the globalization of production. We’re at the beginning of a period of globalization of consumption in which the center of gravity moves from baby boomers in the west to the relatively young Chinese.”

https://www.washingtonpost.com/business/economy/as-trump-fights-with-china-over-trade-us-china-economic-relationship-already-being-redefined/2019/05/11/009319c4-6b79-11e9-a66d-a82d3f3d96d5_story.html
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