As Middle Class Grows, China To Become Worlds Largest Consumer!

[Economy 52,890]

http://www.telegraph.co.uk/finance/economics/11078885/China-overtakes-US-to-be-biggest-economy-by-2024.html

With Chinas industrial development at close to its limits and growth in industrial out-put beggining to stagnate, The Chineese Government decided a few years ago that the econoy had matured enough to rotate to domestic growth as the main source of economy growth

Gradual hikes in minimum wages, low unemployment, rising purchasing power and a growing middle class is set to make China the worlds biggest consumer by 2024 (in 10 years) surpassing even the US

Chinas consumer spending is set to grow 7.7% next year alone!

[Prometheus 1,494]

So I wonder if China will become the US, just as the US became the new England, and England became the new Rome.

[Economy 52,890]

So I wonder if China will become the US, just as the US became the new England, and England became the new Rome.

its growing the same way the US did. Industrial output... And now the peoples pirchasing power is gradually rising

They will be the US in terms of being a massive consumer. Even if on a per capita basis they never consume as much as the US, with their high population they can in total numbers.