A consumer spending boom is coming to China, says Spencer Leung of UBS, courtesy of property...

A consumer spending boom is coming to China, says Spencer Leung of UBS, courtesy of property prices so high, folks have given up saving for a home and will instead buy goods. Leung cites Japan in the 80s as a confirming example ... that worked out well.

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Comments (5)
  • OptionManiac
    , contributor
    Comments (3498) | Send Message
    I don't know about this. At one child per couple, many Chinese save for old-age. Their only safety net is family, and with a very small family, they must rely on their savings to see them through "retirement". A purchased home is security, non-essential goods are not.
    26 Apr 2011, 11:00 AM Reply Like
  • eggfaced
    , contributor
    Comments (292) | Send Message
    As much as the Chinese government is resisting it, they are going to eventually let their currency rise in value to the dollar to fight inflation. This will unleash huge purchasing power to every Chinese citizen.
    26 Apr 2011, 11:06 AM Reply Like
  • OptionManiac
    , contributor
    Comments (3498) | Send Message
    And they will have to move their factories to the US for the cheap labor.
    26 Apr 2011, 11:22 AM Reply Like
  • brewer
    , contributor
    Comments (3035) | Send Message
    There will be MASSIVE iPad buying in China. Why get a lowly PeeCee at this point? Apple sales are up 250% y/y already, and it's just getting started.
    26 Apr 2011, 11:24 AM Reply Like
  • kmi
    , contributor
    Comments (4579) | Send Message
    Sure... Chinese consumers are gonna buy bulk silver and gold....
    26 Apr 2011, 11:51 AM Reply Like
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