Chinese buy as much as Americans ($5.8 trillion per year) | The Washington Post

[Martian2]

In the year 2000, US retail sales were $3.3 trillion and China's retail sales were $472 billion. It's obvious that the US economy was much larger than China's in the year 2000.

For 2018, both the US and Chinese annual retail sales are $5.8 trillion. This is an important economic indicator that the US and Chinese economies are roughly the same size.
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The Chinese are now buying as much stuff as Americans, a game-changer for the world economy | The Washington Post (January 11, 2018)

"The mighty force of consumerism has taken hold in China. In 2018, retail sales in China are expected to equal or surpass sales in the United States for the first time, another definitive marker in China's rise to economic superpower status. (first paragraph)
...
Trump has pointed to the tariffs President Ronald Reagan put on Japanese semiconductors in the 1980s as a model he wants to emulate, but the difference is the U.S. economy was far larger than Japan's at the time. Now the United States faces an economic equal [in China]."

 

[TaiShang]

OMG, both countries' retail sales are bigger than entire supa powan economy.

But SP12 is a services-based, consumption-driven real economy, unlike our slave-labor manufacturing-based non-consumption exports-driven economy.

Envy, envy.

 

[Khanate]

If Trump really wants to go after China on trade, “we will need leverage and we will need allies”

That's a short list since Trump have already declared 128 countries 'enemies'.

• Trump: Countries against Jerusalem move are enemies (Al Jazeera)

 

[GS Zhou]

OMG, both countries' retail sales are bigger than entire supa powan economy.

but SP2012 has magic PPP money that valuable enough to surpass the rest of the world.

 

[cirr]

From this year or the next, we will be the largest buyer in the market.

And as every businessman worth his salt knows, it is the buyer, especially the largest buyer, who has the leverage.

It is all business.

 

[qwerrty]

but china will be doomed if the the U.S. stop trading with china

china gdp $12 tr
export to U.S. $388 bn

 

[sweetgrape]

but china will be doomed if the the U.S. stop trading with china

china gdp $12 tr
export to U.S. $388 bn

US, India, Vietnam, Japan....., Many countries are planing in mouth to stop trading with China. China absolutely will be doomed

 

[Adam WANG SHANGHAI MEGA]

I think this may suggest that CHINA power equal to US in genral but GDP per capita is far behind.
According to reliable source of prediction,that CHINA would have 35 000 USD per capita in 2050 while US 80 000 USDper capita,CHINA would still behind US in a long time but considering the population there is no doulbt that CHINA comprehensive combined power would be 2rd to no one!

In 2018,CHINA would have 10 000USD as GDP per capita.

more or less!

 

[Chinese-Dragon]

China is becoming the largest consumption engine in the world.

We are also the largest trading engine in the world.

We are also the largest investment engine in the world.

Well, that's all three.

 

[TaiShang]

China is becoming the largest consumption engine in the world.

We are also the largest trading engine in the world.

We are also the largest investment engine in the world.

Well, that's all three.

Also one of the largest investment destinations in the world.

That's Quad. Very dissimilar to the SP12's Quad.