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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Haim R. Branisteanu who wrote (6596)5/18/2004 1:39:36 PM
From: RealMuLan  Read Replies (1) of 116555
 
Not exactly. Buying power in China are concentrated on those 20% or so middle class people (the group is estimated increasing at a 1% (of the total 1.3 billion) annual rate), and maybe 1-5% of them are corrupted officials/business men who have the buying power to surprise the world<g>. So the buying power in China cannot be ignored, and that is why so many US companies are actually making money in China, and some of them making more money in China alone than from the rest of the world.
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