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News & Current Events + Happenings
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Chinese Middle Class Consumerism Now Matches American Middle Class Consumerism Reader 01/14/2018 (Sun) 11:25:03 Id: 0625c3 [Preview] No. 5466
In the US, the latest batch of data, released this week, showed retail sales climbed in December for the sixth straight month - though they missed expectations, with growth slowing to 0.3% MoM.

With the personal savings rate at a 10 year low, the US consumer is now fully tapped out: This latest uptick in spending has presumably been fueled by debt, as credit-card borrowing has reached an all-time high.

But another milestone in the history of global consumerism passed last month: As the Washington Post points out, China tied the US in 2018 in terms of domestic retail sales - according to data compiled by Mizuho.

In some important categories, China has overtaken the US: With 17.6 million vehicles sold in the US in 2016, for example, but that was far below the 24 million passenger cars sold in China. US automakers account for about one out of every five cars sold in China, even though the communist party placed a 10% tax on luxury cars and trucks imported from the United States.

This economic heft has made the problem of confronting China intractable: China is now responsible for 20% of sales for some of the largest US corporations. This is making it difficult for Trump to confront Xi Jinping.

Any restrictions on Chinese access to the US market would be met with barriers to American companies selling in China.

"China is one of the most important markets for many U.S. multinational companies,” Shen says. “This should lend China immense bargaining power."

As the new year begins, it’s likely consumer spending in China will quickly surpass that in the US as more newly minted middle class Chinese discover consumer electronics, cars and fashion.

https://archive.fo/UfBJb
https://www.zerohedge.com/news/2018-01-13/chinese-are-spending-much-americans


Reader 01/14/2018 (Sun) 15:21:57 Id: 0625c3 [Preview] No.5472 del
>>5466
>As the new year begins, it’s likely consumer spending in China will quickly surpass that in the US as more newly minted middle class Chinese discover consumer electronics, cars and fashion.

Agreed. Now that China has a 0% corporate tax rate they will be booming for years to come. They will be the next superpower as America likely commits suicide by continuing utterly FAILED policies (such as amnesty, failed wars for ZOG, big pharma depopulation schemes, and frenzied stir crazy political correctness).

Prediction: many sane rational Americans will one day be jealous and envious of both China and Russia as wealth and freedom bloom over there and the USA starts to resemble a despotic SHITHOLE (pun intended)!


Reader 01/14/2018 (Sun) 18:19:22 Id: 77aabe [Preview] No.5474 del
>>5472
All good things must come to an end. As the American Empire crumbles, the Chinese Empire will soon crumble as well. I wonder when they will peak though.


Reader 01/14/2018 (Sun) 18:39:28 Id: c8d597 [Preview] No.5475 del
>>5474
Good things didn't "have to" come to an end. Arrogance, unpunished corruption, political correctness and horrific policies are what makes good things come to an end. Its really very sad that almost half of America is losing its mind.

The Chinese will have the opportunity to correct things. The question is: will they learn from our mistakes or will they follow down the same self-destructive path?


Reader 01/14/2018 (Sun) 18:45:01 Id: c8d597 [Preview] No.5476 del
PS: I am one of many Americans who believe that our country has been hijacked by Cultural Marxists, read "The Rules for Radicals" and you'll see what I mean. We know its not all of America's fault, this was orchestrated subversion going on for decades by communists within. McCarthy was right!



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