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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (41210)	11/10/2003 5:57:03 PM
From: Mark Adams	Read Replies (1) \| Respond to of 74559

Just checking to see if there's a heartbeat out there <g> Actually, you can read it either way. If China has 100x the population of Japan saving at 3x the rate, at what point does China's stored wealth push Japan into marginal status? Still, 10 trillion of savings is an impressive accomplishment. A source, a bit dated, but offers some context; consumption spending in the Asia-Pacific region amounted to $4.8 trillion versus $5 trillion in the European Union and nearly $7 trillion in the U.S. If the Asian banking system can be fixed, Asia could become the leading source of demand in the world. Last year, Visa increased the number of credit cards in Asia by 25% to 160 million. India's retail banking market is growing 40-50% a year. Korea’s retail sales have been growing at 11% year-over-year, its house prices at 15% and last year consumer debt soared 28%. 13d.com Be nice to know what the numbers are today, Asia ex Japan.