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Another, maybe more significant statistic, China has equaled or surpassed US, in terms the size of retail market, as the first country ever did that in the past
by tanilama 9y ago
Another, maybe more significant statistic, China has equaled or surpassed US, in terms the size of retail market, as the first country ever did that in the past 100 years.
https://www.washingtonpost.com/news/wonk/wp/2018/01/11/the-chinese-are-now-buying-as-much-stuff-as-americans-a-game-changer-for-the-world-economy/ https://www.washingtonpost.com/news/wonk/wp/2018/01/11/the-c...
That is a more relevant data point of its buying power right now, and potential impact it would have on other economies, if China decides to use its market as a weapon.
- Elrac 9y agoSome people would say China is _already_ using its market as a weapon. It's just that China at the moment seems to be a bit more subtle in applying leverage than the US is. Even ignoring Trump, I'd say subtlety is not exactly a big feature of US international policy.