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Generally speaking, you should assume that there is a portion of the Chinese economy that is approximately the same size as the US with about the same amount of
by csa 9y ago
Generally speaking, you should assume that there is a portion of the Chinese economy that is approximately the same size as the US with about the same amount of disposable income.
This is very much an apples to oranges comparison, but a large part of China is effectively "rich" by international standards.
Note that there is also a very much not-rich part of China that brings down the avergages. The averages don't matter so much when analyzing a polarized population.
- sologoub 9y agoYou can make that statement about any country - some people are wealthy, while others are not. Chinese consumer economy is not the same size as US in nominal terms, so the ad spending can't be the same either. Which led me to question the revenue numbers in the first place. I suspect that some combination of real revenues and inflationary/artificial cash flows from investments being poured in their customers are the underlying reason. Similar to the feeding frenzy with bike share companies that were profiled in the news a few weeks ago.