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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Skeeter Bug who wrote (258266)7/2/2010 11:23:00 PM
From: bentwayRead Replies (1) of 306849
 
"..given that we are the world's economic engine.."

We're the world's consumption engine, lately on borrowed money from the producers. China realizes this is unsustainable, that we can't be counted on to sustain their growth, and is trying to turn their middle class into consumers. Their middle class is as large as our entire population, but nowhere near as wealthy yet.
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Consumer tidal wave on the way: China's middle class

Due to the fruits of economic liberalization, analysts say that China is poised for a consumer-products revolution.

csmonitor.com

...""At the moment, China's consumer economy is about the size of Italy's, but in two years' time it is going to start adding an Italy every year," says Mr. Grant, noting that while the average Italian spends $11,511 on consumer goods each year to China's $543, the middle kingdom's enormous population makes up for the difference."...
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