3 ms·
China is 1.4 billion people. That's more people than the western world combined. Once China has "acquired" the technology, it doesn't need an export market any
by 101404 6y ago
China is 1.4 billion people. That's more people than the western world combined.
Once China has "acquired" the technology, it doesn't need an export market anymore for economies of scale. China's internal market is more than large enough for that.
Just a detail to keep in mind.
- solstice 6y agoThat's a bit too simple. People in inland provinces such as gansu or guizhou have much -much- lower purchasing power. I encourage you to have a look at a map of China with GDP numbers and then compare them to the US, Germany or Japan...
- 101404 6y agoNo need to look, I lived there long enough and have been to every province. Despite the still existing poverty is the internal market large enough already for many products. However, China is not quite there yet when it comes to technology (hence the many Chinese students in Western universities), but they are well on the way.