Greater China Campaign - "Americans Don't Know How Capitalist China Is"
A decade ago its retail-goods market was about $1.8 trillion—less than half that of the United States. In 2019 that market reached $6 trillion, surpassing the U.S. level of $5.5 trillion. Even now China’s private consumption represents only about 39% of its GDP—way below the U.S. level of 68% and the world average of 63%. That leaves much room for growth and many opportunities for investors, particularly in businesses that cater to consumers.
Read the complete article here: https://hbr.org/2021/05/americans-dont-know-how-capitalist-china-is?utm_medium=social&utm_campaign=hbr&utm_source=twitter&tpcc=orgsocial_edit
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