Retail sales of consumer goods in China in 2011 were about $300B USD and growing at 17% per year. I think this places it close behind the USA and EU.
More cars (units) are already sold in China than any other market. Other categories are not far behind.
Obviously China's growth was fueled mainly by exports. However, that doesn't mean its internal consumer economy is anemic. Further, current government policy in China is to encourage internal consumer spending.
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Unless China starts developing internal economy as well, they will not stay as regional super power.
I am sure one billion suppressed people are going to rise against tyranny of few ruler in coming future.
Retail sales of consumer goods in China in 2011 were about $300B USD and growing at 17% per year. I think this places it close behind the USA and EU.
More cars (units) are already sold in China than any other market. Other categories are not far behind.
Obviously China's growth was fueled mainly by exports. However, that doesn't mean its internal consumer economy is anemic. Further, current government policy in China is to encourage internal consumer spending.
They've already got a massive internal economy. The biggest growth market for cars in the world. And the biggest market for steel and concrete IIRC.