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.
Comments
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.