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market saturation ?
by nadioca 8y ago
market saturation ?
- killjoywashere 8y agoRead Hank Paulson's book, Dealing with China. The Communist Party can only extract so much value from to masses while corruption and opacity are the norm in government. Instead of looking at the economy as a virtuous cycle of re-investment making more resources available for collateral, they treat the economy like a well and wonder why it keeps running dry.
- gressquel 8y agoPeter Navarros Death by China is a good read too
- anizan 8y agoI enjoyed reading China's Great wall of Debt and The Hundred-year marathon.
- dv_dt 8y agoI can't help but think the "The Communist Party" in your comment could be replaced with any small group of people with defacto power over a nation ...
- greglindahl 8y agoMarket saturation means that everyone who wants a smartphone already owns one.
- randyrand 8y agoand who can afford one.
- greglindahl 8y agoWell, yes, but it's worth noting that smartphones are now down at the $40 and less level. And China doesn't have that many extremely poor people anymore.
- randyrand 8y agoThat's a good point!