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Chinese Middle Class Consumerism Now Matches American Middle Class Consumerism Reader 01/14/2018 (Sun) 11:25:03 Id: 0625c3 [Preview] No. 5466
In the US, the latest batch of data, released this week, showed retail sales climbed in December for the sixth straight month - though they missed expectations, with growth slowing to 0.3% MoM.

With the personal savings rate at a 10 year low, the US consumer is now fully tapped out: This latest uptick in spending has presumably been fueled by debt, as credit-card borrowing has reached an all-time high.

But another milestone in the history of global consumerism passed last month: As the Washington Post points out, China tied the US in 2018 in terms of domestic retail sales - according to data compiled by Mizuho.

In some important categories, China has overtaken the US: With 17.6 million vehicles sold in the US in 2016, for example, but that was far below the 24 million passenger cars sold in China. US automakers account for about one out of every five cars sold in China, even though the communist party placed a 10% tax on luxury cars and trucks imported from the United States.

This economic heft has made the problem of confronting China intractable: China is now responsible for 20% of sales for some of the largest US corporations. This is making it difficult for Trump to confront Xi Jinping.

Any restrictions on Chinese access to the US market would be met with barriers to American companies selling in China.

"China is one of the most important markets for many U.S. multinational companies,” Shen says. “This should lend China immense bargaining power."

As the new year begins, it’s likely consumer spending in China will quickly surpass that in the US as more newly minted middle class Chinese discover consumer electronics, cars and fashion.


Reader 01/14/2018 (Sun) 15:21:57 Id: 0625c3 [Preview] No.5472 del
>As the new year begins, it’s likely consumer spending in China will quickly surpass that in the US as more newly minted middle class Chinese discover consumer electronics, cars and fashion.

Agreed. Now that China has a 0% corporate tax rate they will be booming for years to come. They will be the next superpower as America likely commits suicide by continuing utterly FAILED policies (such as amnesty, failed wars for ZOG, big pharma depopulation schemes, and frenzied stir crazy political correctness).

Prediction: many sane rational Americans will one day be jealous and envious of both China and Russia as wealth and freedom bloom over there and the USA starts to resemble a despotic SHITHOLE (pun intended)!

Reader 01/14/2018 (Sun) 18:19:22 Id: 77aabe [Preview] No.5474 del
All good things must come to an end. As the American Empire crumbles, the Chinese Empire will soon crumble as well. I wonder when they will peak though.

Reader 01/14/2018 (Sun) 18:39:28 Id: c8d597 [Preview] No.5475 del
Good things didn't "have to" come to an end. Arrogance, unpunished corruption, political correctness and horrific policies are what makes good things come to an end. Its really very sad that almost half of America is losing its mind.

The Chinese will have the opportunity to correct things. The question is: will they learn from our mistakes or will they follow down the same self-destructive path?

Reader 01/14/2018 (Sun) 18:45:01 Id: c8d597 [Preview] No.5476 del
PS: I am one of many Americans who believe that our country has been hijacked by Cultural Marxists, read "The Rules for Radicals" and you'll see what I mean. We know its not all of America's fault, this was orchestrated subversion going on for decades by communists within. McCarthy was right!

Reader 01/18/2018 (Thu) 16:07:25 Id: ddc1ef [Preview] No.5568 del
You should see who runs many large corporations in the US. Recently info came out on Google and it turns out many of the employees there are antifa or cultural marxist types. I wouldn't be surprised if they run US politics as well.

Reader 01/18/2018 (Thu) 17:33:52 Id: b041c3 [Preview] No.5573 del
Its Silicon Valley Big Tech types, Big Pharma, Law Firms as well as major Universities (which have become profitable businesses themselves) that tend to draw in neo-liberal Marxists, and are often run by Democrat supporters.

Although many industries; such as Big Oil, Banking, the Firearms Industry, the Automotive Industry, Big Agriculture; all those are predominantly very Republican with many conservatives in the ranks.

This is the major corporate divide I see in America. And Democrats have been very hostile to the industries that are predominantly conservative, as they wish to slam them with more regulations and taxes.

The tax cuts pushed by Republicans have really helped ease the burden on many more productive industries that are typically targeted by these communist Marxists.

To tell you the truth I don't consider the Democrat party to be "liberal" because the old fashion term "liberal" means supporting liberty. This is NOT what Democrats are today, these are Marxists who want the State to become God and to run our lives. Marxists who want to destroy the liberal foundations America once stood for. Marxists who want to disarm and subjugate us, and impoverish us. This is not truly "liberal" by any means. The Democrat establishment have become the old outlawed Communist Party today.

These same communists tried to take over the Republican Party too, but I believe they have failed to do that so far. Groups like the NRA, as long as they are around, are holding their feet to the fire (as we all should be doing)! Trump was a major blow to the communist takeover of the Republican party.

Reader 01/18/2018 (Thu) 17:48:46 Id: b041c3 [Preview] No.5574 del
Note that back in the day, I'm talking about the 50s and 60s, most Democrat politicians were much like modern conservative politicians. They were nothing like "Mad Maxine" or "Franken-stein." They were more appealing, calmer and more rational. Not easily triggered or spastic, smarter. Over the years rational Democrats, like Dennis Kucinich, were tossed out and replaced by manic loonies who are by definition, cultural Marxists.

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