Quote:
Originally Posted by IllTestYourGirls
China is already preparing for us to stop buying their goods. Their standard of living has a lot of room for growth and they know that and have planned it that way. While we buy less their own people buy more and their standard of living goes up and ours goes down.
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Exactly, well said...... they are focussing on domestic consumption and their population will have the buying power. Theyll have a rough time in the short term but when things recover, theyll continue moving ahead. Another forgotten story is that of India which is probably second only to China in economic growth.
India has been more resilient against the downturn than China.... which was an interesting story considering all the hype about China "decoupling" which turned out to be a myth or at least it is right now (but probably not in the long term).