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Knowledgeable and insightful comments, by all above, it would seem that it will take, possibly a few generations for the Chinese to aquire Western spending habits, I agree that this generation will concentrate on Capital/preservation, not excessive consumerism. Another unknown factor is the reaction of the Communist/party, will it have the confidence to change a wining formula, many Party Officials have much to lose, in any shift away from manufactoring in their provinces.
Aug 23 19:14 pm
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All Comments by Pax Americana »Ramping Up China's Domestic Consumption: What's Taking So Long? [View article]
I also believe the increasingly complex nature of Chinese capitalism,wll stretch the body-politic of the Chinese State.