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Originally Posted by Vendot
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).
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China won't be focusing as much on domestic consumption as you think. Their plan seems to be to have the government spend money infrastructure and put people that used to make TVs for Wal Mart to work building roads, etc...