You’ve probably heard the figure thousands of times: roughly 70% of U.S. GDP is consumer spending.
That number is very different in China. In China, consumer spending accounts for only 35% of ChineseGDP.
The reason for the huge difference is simple — the Chinese (as all Asians) save a huge percentage of theirincome.
- Starbucks warns about 2009 Starbucks warned last night that 2009 would be a very tough year. “As a retailer that is dependent upon consumer...
- Japan consumer spending still stuck in the do… For being the second largest economy in the world, our Asia Stock Alert portfolio has been very light with Japanese...
- China pledges $124 billion for health care One of the reasons that Chinese save so much money is that China’s health care coverage is so bad. Chinese...
{ 0 comments… add one now }