China's booming middle class is creating world's most dynamic consumer market
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Re: China's booming middle class is creating world's most dynamic consumer market
#2When I was young I remember the world used to be beholden to the demand of the american consumer. What they wanted drove the export of entire economical regions in Asia.
Now it seems the giant in the room that everyone needs to accommodate is the Chinese consumer.
Re: China's booming middle class is creating world's most dynamic consumer market
#3China's middle class will die soon because Xijinping will launched the 2nd Cultural Revolution
Re: China's booming middle class is creating world's most dynamic consumer market
#4It seems to me the article written by a Lobbyists of CCP before Xi's visit
Re: China's booming middle class is creating world's most dynamic consumer market
#5When I was young I remember the world used to be beholden to the demand of the american consumer. What they wanted drove the export of entire economical regions in Asia. Now it seems the giant in the room that everyone needs to accommodate is the Chinese consumer.
A good point. But consider also that in a free and open society with limited government, consumers have more influence. In China it might be the Chinese government that everyone needs to accomodate. Certainly that has been a focus of the movie industry.
Re: China's booming middle class is creating world's most dynamic consumer market
#6What is the potential for enterprise software in China?
Re: China's booming middle class is creating world's most dynamic consumer market
#7It seems to me the article written by a Lobbyists of CCP before Xi's visit
Or it could be just telling the truth.
Re: China's booming middle class is creating world's most dynamic consumer market
#8What is the potential for enterprise software in China?
Having your software stolen after they request a 30 day trial.
Re: China's booming middle class is creating world's most dynamic consumer market
#9I read in Yanis Verofakis last book that Chinese consumer demand has been falling off since 2012 or so. I can't find good data on this out there though.
Re: China's booming middle class is creating world's most dynamic consumer market
#10When I was young I remember the world used to be beholden to the demand of the american consumer. What they wanted drove the export of entire economical regions in Asia. Now it seems the giant in the room that everyone needs to accommodate is the Chinese consumer.
The world has been beholden to US consumer demand since the end of the Bretton Woods system (which ended when Nixon unpegged the dollar from gold in 1973) up until the collapse of the US center of gravity in 2008 (from which we haven't really recovered). Prior to that it was the opposite: Demand came from the periphery, and the US was the world's factory. Where we are now is uncharted waters. US demand is required to fuel the Global Surplus Recycling Mechanism. With its absence, China does not have enough domestic demand to replace the US and does not have enough power to start its own GSRM.