4 ms·

Well duh. With 4x the population of the US why wouldn't Chinese sales overtake the US's?

by jupiterjaz 14y ago

ceras 14y ago
China is a lot poorer.
- officialjunk 14y ago
  Have you been there recently?!
  - seanmcdirmid 14y ago
    They still are poorer on average, but the middle class pop. is approaching the pop. of America. And people will own an iPhone before they own a car....so the barista at Starbucks pulling down < 3000RMB/month (< $500) will have one.
- InclinedPlane 14y ago
  There isn't one China, there are at least 2, maybe 3 chinas. Coastal China is industrialized, urbanized, modern, and wealthy. Inland China is poorer and less developed, and the remote provinces like Yunnan are just a few steps above seriously poor countries like Afghanistan or Haiti.
  - ced 14y ago
    Have you been to Yunnan? I lived there for a year. The two cities I've seen the most of were about at east-Europe levels of development, surprisingly (to me). The rural areas fare worse, obviously, but I wouldn't expect to meet that much Haiti-level poverty. Wikipedia pegs the "absolutely poor rural population" at 3 million - out of 46 for the whole province. For Haiti, there is 54% of abject poverty.
- martinced 14y ago
  It is also experiencing sick growth. So huge that it has to slow down otherwise it's not maintainable. The middle class alone in China is bigger than the entire eurozone! And it is not a "lot poorer", china's GDP is only half that of Europe and they have much more room for growth than us. It's just a matter of time before they pass both Europe and the US. The "western" world is really in trouble. For example France is expected to lose its status of "World's fifth power" to Bresil before 2017. It is even possible that if Hollande is re-elected in France by the end of its second mandate France would be out of the G8!!! Many countries are resting on their laurels and "cheating" the economy with endless money printing. Meanwhile other countries are purposely under-valuating their money and closing the gap quickly. The world is changing and its changing quickly.

Well duh. With 4x the population of the US why wouldn't Chinese sales overtake the US's?

ceras 14y ago

China is a lot poorer.

officialjunk 14y ago
Have you been there recently?!
- seanmcdirmid 14y ago
  They still are poorer on average, but the middle class pop. is approaching the pop. of America. And people will own an iPhone before they own a car....so the barista at Starbucks pulling down < 3000RMB/month (< $500) will have one.
InclinedPlane 14y ago
There isn't one China, there are at least 2, maybe 3 chinas. Coastal China is industrialized, urbanized, modern, and wealthy. Inland China is poorer and less developed, and the remote provinces like Yunnan are just a few steps above seriously poor countries like Afghanistan or Haiti.
- ced 14y ago
  Have you been to Yunnan? I lived there for a year. The two cities I've seen the most of were about at east-Europe levels of development, surprisingly (to me). The rural areas fare worse, obviously, but I wouldn't expect to meet that much Haiti-level poverty. Wikipedia pegs the "absolutely poor rural population" at 3 million - out of 46 for the whole province. For Haiti, there is 54% of abject poverty.
martinced 14y ago
It is also experiencing sick growth. So huge that it has to slow down otherwise it's not maintainable. The middle class alone in China is bigger than the entire eurozone! And it is not a "lot poorer", china's GDP is only half that of Europe and they have much more room for growth than us. It's just a matter of time before they pass both Europe and the US. The "western" world is really in trouble. For example France is expected to lose its status of "World's fifth power" to Bresil before 2017. It is even possible that if Hollande is re-elected in France by the end of its second mandate France would be out of the G8!!! Many countries are resting on their laurels and "cheating" the economy with endless money printing. Meanwhile other countries are purposely under-valuating their money and closing the gap quickly. The world is changing and its changing quickly.