China is the World's Largest Market
China has just passed the US as the world's largest consumer of computers, after passing us as the world's largest consumer of cars about a year ago.
While in $ terms, they are still far behind the US on both counts, in terms of sheer volume, China is quickly surpassing the US as the biggest market for expensive and high-tech products. While measuring things in volume is a bit misleading, so would be measuring in dollar value. Some economists would go on about purchasing price parity at this point. But while I also have a particular penchant for popularly promoting prolonged arbitrary and amazing alliteration, I think the simplest thing to say at this point is that if you want to sell stuff, not just make stuff, China is going to be the place to be.
Which is not really surprising, considering it has three times the population of the US, but nonetheless is interesting, especially at a time when the US administration seems hell bent on limiting growth and introducing excessive regulation on companies and competition. Farewell #1 spot, never shall we see you again.
While in $ terms, they are still far behind the US on both counts, in terms of sheer volume, China is quickly surpassing the US as the biggest market for expensive and high-tech products. While measuring things in volume is a bit misleading, so would be measuring in dollar value. Some economists would go on about purchasing price parity at this point. But while I also have a particular penchant for popularly promoting prolonged arbitrary and amazing alliteration, I think the simplest thing to say at this point is that if you want to sell stuff, not just make stuff, China is going to be the place to be.
Which is not really surprising, considering it has three times the population of the US, but nonetheless is interesting, especially at a time when the US administration seems hell bent on limiting growth and introducing excessive regulation on companies and competition. Farewell #1 spot, never shall we see you again.
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