China can leverage her status as the world's largest consumer now that the US is not.
China is a midget compared to the US and Europe. And need I remind you that it was Europe, not the US, that was the locomotive of the world economy over the years leading to 2007? In the long run, we're all dead. John Maynard Keynes
Your graph in that earlier diary was on growth. What's the situation in absolute dollars - or any currency you choose? "It Can't Be Just About Us"--Frank Schnittger, ETian Extraordinaire
But otherwise, their share of world demand is still pretty low. In the long run, we're all dead. John Maynard Keynes
China is not even close to being the world's leading consumer, but hardly a midget, and with lots more upside than either the EU or the US.
Source: CIA World Factbook. "It Can't Be Just About Us"--Frank Schnittger, ETian Extraordinaire
