mrswdk wrote:saxitoxin wrote:mrswdk wrote:China's GDP's already big enough to have like everyone in the world begging for even a sliver of access to China's internal market.
Provided the product you're selling is a basic agricultural commodity.
Number 1 importer of luxury goods
China's importation of luxury goods is due to its total lack of a domestic production capability for luxury products. And, in any case, mid-range products are a better gauge. China
lags in personal vehicle ownership with just 300 million, roughly the same as the U.S. with 1/5 the population. It's
not even in the top 25 for per capita smartphone ownership. With its GDP growth flagging and the Shanghai Composite in freefall, China is a dagger on the tip of the Washington Monument. One strong wind in any direction and it will go tumbling down.
mrswdk wrote:Because the US is incapable of making cool consumer products like designer clothes (Europe), electronics (Japan and Korea) or baby milk powder (New Zealand). The only thing America can produce is stuff that can be literally pulled out of the ground, like gas, wheat and nuts.
I have a suit made out of wheat and it's nicer than any Savile Row suit, buster.