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They will consume their own production and start spending their dollars and euros.
by corentin 18y ago
They will consume their own production and start spending their dollars and euros.
- gaius 18y agoAre the Chinese making things that Chinese want to buy? Most of the country is still rural; they don't want trainers and consumer electronics (or rather they do, but not before the infrastructure is built out). China's foreign-currency earning economy is almost a completely different entity from its interior economy.
- netcan 18y agoLocal consumption is a big growth market in China. Accelerating, I believe. Exports are obviously still important, but more is produced for local production every year.