‘The China Choice’

[jhungary]

And how will the US economy collapse exactly? You do know your economy will be negatively impacted along with all other 3rd world economies? US consumerism is....big....



Correction: Don't underestimate the US. Only a fool with a price on his head would do so otherwise.

lol.... Believe it or not. But this is exactly what my economic professor says (well not exactly word to word but...)

People underestimate the importance of the buyer market, this world is a buyer driven market, buyer create demand and for that link, we had to requir a supply. Imagine when trade ceased to exist between 2 countries. A buyer and a seller, an user and a manufacturer. The buyer, or end user will simply buy the same product at a slight increase of cost from a different seller, but for the seller and the manufacturer? Their market was gone and their post is total unless the seller can redirect the sell to another place that can digest it completely.

And the American market is HUGE

Buying power is not aligned to GDP, but rather the average spending power to average household. You can have a 20 trillions GDP in you country, but if you per capita were still only 24k per year per people, you would better off sell to a market with 14 trillions GDP but with 40k per capita, cause they can buy twice as much as the 24k market by logic.

That is why the current economy is buyer driven, not seller driven. We tell what the seller make, not the seller told us what to buy.

 

[Destro]

And how will the US economy collapse exactly? You do know your economy will be negatively impacted along with all other 3rd world economies? US consumerism is....big....



Correction: Don't underestimate the US. Only a fool with a price on his head would do so otherwise.

Without the dollar as reserve currency, the US cannot run massive deficits with low rates. That's the privilege of bring the reserve currency. You can have low inflation and massive QE because they export their inflation.

Our economy is becoming less and less dependent on the US consumer, only 17% of our total exports go to the US and that share is decreasing. We are now the 2nd largest consumer overall and already the largest consumer in many global goods. More and more countries are being dependent on the Chinese consumer. It would help if you learnt economics 101.

Correction: our rise has ended the American monopoly positions in many areas including trade, direct investment, aid money, many technologies, weapons exportd, etc. More countries consider us their largest trade partner than the US.

See that's the problem with you South Asians. I'll be blunt, you have a very defeated mentality towards white people. It's no surprise that only East Asian countries are the only non-western countries that have well developed economies up to western living standards. Mainland China is going through our development process. We always seek to find ways to win while countries in other parts of the world just have very defeated mentality.

That's the difference between East Asian people and everyone other non-western people.

This is why we are as successful as we are. As I said, there is a reason the Americans consider us their primary challenge.

And how will the US economy collapse exactly? You do know your economy will be negatively impacted along with all other 3rd world economies? US consumerism is....big....



Correction: Don't underestimate the US. Only a fool with a price on his head would do so otherwise.

Without the dollar as reserve currency, the US cannot run massive deficits with low rates. That's the privilege of bring the reserve currency. You can have low inflation and massive QE because they export their inflation.

Our economy is becoming less and less dependent on the US consumer, only 17% of our total exports go to the US and that share is decreasing. We are now the 2nd largest consumer overall and already the largest consumer in many global goods. More and more countries are being dependent on the Chinese consumer. It would help if you learnt economics 101.

Correction: our rise has ended the American monopoly positions in many areas including trade, direct investment, aid money, many technologies, weapons exportd, etc. More countries consider us their largest trade partner than the US.

See that's the problem with you South Asians. I'll be blunt, you have a very defeated mentality towards white people. It's no surprise that only East Asian countries are the only non-western countries that have well developed economies up to western living standards. Mainland China is going through our development process. We always seek to find ways to win while countries in other parts of the world just have very defeated mentality.

That's the difference between East Asian people and everyone other non-western people.

This is why we are as successful as we are. As I said, there is a reason the Americans consider us their primary challenge.

 

[Destro]

lol.... Believe it or not. But this is exactly what my economic professor says (well not exactly word to word but...)

People underestimate the importance of the buyer market, this world is a buyer driven market, buyer create demand and for that link, we had to requir a supply. Imagine when trade ceased to exist between 2 countries. A buyer and a seller, an user and a manufacturer. The buyer, or end user will simply buy the same product at a slight increase of cost from a different seller, but for the seller and the manufacturer? Their market was gone and their post is total unless the seller can redirect the sell to another place that can digest it completely.

And the American market is HUGE

Buying power is not aligned to GDP, but rather the average spending power to average household. You can have a 20 trillions GDP in you country, but if you per capita were still only 24k per year per people, you would better off sell to a market with 14 trillions GDP but with 40k per capita, cause they can buy twice as much as the 24k market by logic.

That is why the current economy is buyer driven, not seller driven. We tell what the seller make, not the seller told us what to buy.

Wrong. You have a very limited knowledge of basic economics.

Consumption is based on the purchasing power of the currency. To be a major consumption power, you need either high purchasing power or a large population with enough people in the global middle class. A country like Singapore will never be a consumption power kiss despite having extremely high per capita income because they lack a large population to be a global consumer.

While our per capita income is low due to including all the poor people, we have one of the largest middle classes in the world. That alone is enough to make China one of the largest consumers in the world.

China's Consumption Rankings:
Retail market (2)
IPO market (?)
M&A market (?)
Private Equity market (2)
Venture Capital market (?)
Credit Card market (?)
Advertising market (3)
Internet market (1)
E-Commerce market (2)
Real Estate market (?)
Construction market (1)
Construction Machinery market (1)
Art market (1)
Luxury Watch market (1)
Wine market (5)
PC market (1)
Smartphone market (1)
Tablet market (2)
LCD TV market (1)
Camera market (1)
Home Appliance market (1)
Toy market (3)
Entertainment & Media market (5)
Movie market (2)
Music market (?)
Musical Instrument market (1)
Video Game market (?)
Online Gaming market (1)
Lottery market (2)
Grocery market (1)
Pharmaceutical market (5)
Medical Device market (3)
Cosmetic market (3)
Business-travel market (2)
Tourism earner (4)
Tourism spender (1)

The advantage for China is that we have the largest pool of savings, the largest producer and now on our way to become the largest consumer. As our currency appreciates, our purchasing power grows which means our consumption increases. This increase in consumption is made even greater in that wages are rising by 15% per year.

What income growth does is it allows consumers to consume without using up their savings. This way there is savings for producers to invest and keep our production up.

We are building the perfect economy based on savings, production and consuming our own goods so we enjoy the fruits of our labour rather than shipping our goods to other countries.

 

[jhungary]

Wrong. You have a very limited knowledge of basic economics.

Consumption is based on the purchasing power of the currency. To be a major consumption power, you need either high purchasing power or a large population with enough people in the global middle class. A country like Singapore will never be a consumption power kiss despite having extremely high per capita income because they lack a large population to be a global consumer.

While our per capita income is low due to including all the poor people, we have one of the largest middle classes in the world. That alone is enough to make China one of the largest consumers in the world.

China's Consumption Rankings:
Retail market (2)
IPO market (?)
M&A market (?)
Private Equity market (2)
Venture Capital market (?)
Credit Card market (?)
Advertising market (3)
Internet market (1)
E-Commerce market (2)
Real Estate market (?)
Construction market (1)
Construction Machinery market (1)
Art market (1)
Luxury Watch market (1)
Wine market (5)
PC market (1)
Smartphone market (1)
Tablet market (2)
LCD TV market (1)
Camera market (1)
Home Appliance market (1)
Toy market (3)
Entertainment & Media market (5)
Movie market (2)
Music market (?)
Musical Instrument market (1)
Video Game market (?)
Online Gaming market (1)
Lottery market (2)
Grocery market (1)
Pharmaceutical market (5)
Medical Device market (3)
Cosmetic market (3)
Business-travel market (2)
Tourism earner (4)
Tourism spender (1)

The advantage for China is that we have the largest pool of savings, the largest producer and now on our way to become the largest consumer. As our currency appreciates, our purchasing power grows which means our consumption increases. This increase in consumption is made even greater in that wages are rising by 15% per year.

What income growth does is it allows consumers to consume without using up their savings. This way there is savings for producers to invest and keep our production up.

We are building the perfect economy based on savings, production and consuming our own goods so we enjoy the fruits of our labour rather than shipping our goods to other countries.

You must be a doctoral holder in business administration then, if you want to say I am wrong

Oh, by the way, do you know what it's telling you when

You have a large GDP
You have a large population
You have a low GDP per capita

That mean you median purchasing power is low as your country is so your country is selectively rich.

Lol what you are saying does not really make much sense

 

[jhungary]

Sorry mate, but I've destroyed you in every single debate on this forum. You tried you propaganda about the Renminbi and I put you in your place.
@Loki is just talking based on emotion without understand basic economics.
I've just explained things very clearly to him and YOU

If by "basic economics" you mean Chinese Economics logic, then you're right, I have no "basic economic knowledge" as seems to me Chinese member running on a different and seperate economic principle than the rest of the world

But you do get one thing right, you successfully destroy someone, and that person is YOURSELVES, dude, you just insulted a moderator and calling him a slave. I hope you have another forum to go to and post so you can recover your money from CCP

Otherwise, please enjoy you ban

 

[Destro]

You must be a doctoral holder in business administration then, if you want to say I am wrong

Oh, by the way, do you know what it's telling you when

You have a large GDP
You have a large population
You have a low GDP per capita

That mean you median purchasing power is low as your country is so your country is selectively rich.

Lol what you are saying does not really make much sense



You must be a doctoral holder in business administration then, if you want to say I am wrong

Oh, by the way, do you know what it's telling you when

You have a large GDP
You have a large population
You have a low GDP per capita

That mean you median purchasing power is low as your country is so your country is selectively rich.

Lol what you are saying does not really make much sense

You don't understand me because your knowledge of economics is extremely limited.

Consumption power is not about per capita income. China has more purchasing power than Australia but because we have a much larger population, our per capita stats make it look like we don't consume. While Australia's high per capita income is distorted due to its smaller population. Just because Australia has a higher per capita doesn't mean Australia is anywhere close to being a consumption superpower.

As I have shown in my consumption list, what matters is scale. In that list China is number 1 or 2 in most of the categories. In consumption, the more people you have, the more consumption will happen. China already has a large middle class that's already enough to make Chinese consumption the 3rd largest, but the advantage is we have millions more coming into our middle class which will consume more and be the world's largest consumer.

Most of America's consumption is based on services. In China our services sector is underdeveloped so many consumers don't have access to say things like insurance and healthcare services. These are part of consumption. In services consumption the US leads China. But in goods consumption, there is hardly a gap between the US and China.

You must be a doctoral holder in business administration then, if you want to say I am wrong

Oh, by the way, do you know what it's telling you when

You have a large GDP
You have a large population
You have a low GDP per capita

That mean you median purchasing power is low as your country is so your country is selectively rich.

Lol what you are saying does not really make much sense



You must be a doctoral holder in business administration then, if you want to say I am wrong

Oh, by the way, do you know what it's telling you when

You have a large GDP
You have a large population
You have a low GDP per capita

That mean you median purchasing power is low as your country is so your country is selectively rich.

Lol what you are saying does not really make much sense

You don't understand me because your knowledge of economics is extremely limited.

Consumption power is not about per capita income. China has more purchasing power than Australia but because we have a much larger population, our per capita stats make it look like we don't consume. While Australia's high per capita income is distorted due to its smaller population. Just because Australia has a higher per capita doesn't mean Australia is anywhere close to being a consumption superpower.

As I have shown in my consumption list, what matters is scale. In that list China is number 1 or 2 in most of the categories. In consumption, the more people you have, the more consumption will happen. China already has a large middle class that's already enough to make Chinese consumption the 3rd largest, but the advantage is we have millions more coming into our middle class which will consume more and be the world's largest consumer.

Most of America's consumption is based on services. In China our services sector is underdeveloped so many consumers don't have access to say things like insurance and healthcare services. These are part of consumption. In services consumption the US leads China. But in goods consumption, there is hardly a gap between the US and China.

 

[Śikārī]

Sorry mate, but I've destroyed you in every single debate on this forum. You tried you propaganda about the Renminbi and I put you in your place.
@Loki is just talking based on emotion without understand basic economics.
I've just explained things very clearly to him and YOU

Yeah, I believe in normal economics. Not "Chinese economics"

See that's the problem with you South Asians. I'll be blunt, you have a very defeated mentality towards white people. It's no surprise that only East Asian countries are the only non-western countries that have well developed economies up to western living standards. Mainland China is going through our development process. We always seek to find ways to win while countries in other parts of the world just have very defeated mentality.

That's the difference between East Asian people and everyone other non-western people.

This is why we are as successful as we are. As I said, there is a reason the Americans consider us their primary challenge.

We southerners worship "white" people? Yeah, we ditched that a long time ago through a lot of bloodshed and a mix of stupidity

Now as far as South Asia not being as developed as other regions are concerned, that is so for entirely different reasons. But that's not the topic is it now?

Be careful now, South Asian sociopolitical atmosphere is mind-boggingly complex. Something that even the mighty Americans are unable to acknowledge fully.

 

[Destro]

Yeah, I believe in normal economics. Not "Chinese economics"

Laugh all you want. I've just explained about the structure of the Chinese economy and how consumption works. You have nothing else to contribute except make childish remarks.

If you cannot debate on this topic because of your limited knowledge on economics, then it's better to go debate in another thread about something else. No point ruining a good economic debate between two members because you don't like listening to facts. That's why we come to this forum, to debate.

 

[Śikārī]

Laugh all you want. I've just explained about the structure of the Chinese economy and how consumption works. You have nothing else to contribute except make childish remarks.

If you cannot debate on this topic because of your limited knowledge on economics, then it's better to go debate in another thread about something else. No point ruining a good economic debate between two members because you don't like listening to facts. That's why we come to this forum, to debate.

Face it big boy, you are a troll.....

 

[jhungary]

Consumption power

I don't understand or whatever you is because you SUCKED at English

Purchasing power and Consumption power are 2 different things

Purchasing power mean how many stuff an entity can AFFORD
Consumption power mean how many stuff an entity NEED

You need something does not mean you can afford it, look at a seller point of view

If I made soap for 2 dollar each base, and I have 2 market I want to sell to,

The first one being the market have 1 million population but they can only afford $ 2.5 for a soap
The second one only have 250,000 population, but they can afford $8 for a soap

Which one you sell to, if you can only choose one?

Indeed, china have 4 times more population than US but American have 8 times more on GDP per capita which mean they can afford to buy stuff at a higher price. Profit wise, selling to America is much much more profitable than to China

Now go back to the previous question

If you sell to market A the maximum profit you can get is 500,000
For market B the maximum profit you can make is 1.5 millions

That is why when you get a shirt in China it will cost you 30 yuan
But when you get a shirt in Australia, it gonnacost you 20 AUD , about 120 Yuan

Profit wise Australia is better, hence they have a higher purchasing power

You understand? Professor

Face it big boy, you are a troll.....

For a person telling other people is wrong and limited economics knowledge, IT IS VERY FUNNY THAT, he don't even know what is purchasing power and what is comsumption power, while I am listing purchasing coefficients, he is yapping about comsumptions

Is this clown for real or not?

 

[Destro]

I don't understand or whatever you is because you SUCKED at English

Purchasing power and Consumption power are 2 duffs set thing

Purchasing power mean how many stuff an entity can AFFORD
Consumption power mean how many stuff an entity NEED

You need something does not mean you can afford it, look at a seller point of view

If I made soap for 2 dollar each base, and I have 2 market I want to sell to,

The first one being the market have 1 million population but they can only afford $ 2.5 for a soap
The second one only have 250,000 population, but they can afford $8 for a soap

Which one you sell to, if you can only choose one?

Indeed, china have 4 times more population than US but American have 8 times more on GDP per capita which mean they can afford to buy stuff at a higher price. Profit wise, selling to America is much much more profitable than to China

Now go back to the previous question

If you sell to market A the maximum profit you can get is 500,000
For market B the maximum profit you can make is 1.5 millions

That is why when you get a shirt in China it will cost you 30 yuan
But when you get a shirt in Australia, it gonnacost you 20 AUD , about 120 Yuan

Profit wise Australia is better, hence they have a higher purchasing power

You understand? Professor



For a person telling other people is wrong and limited economics knowledge, IT IS VERY FUNNY THAT, he don't even know what is purchasing power and what is comsumption power, while I am listing purchasing coefficients, he is yapping about comsumptions

Is this clown for real or not?

Once again you have zero understanding of basic economics. This is getting pretty tiring explaining this to you. I'll explain this one last time because I have to go to sleep.

Your rubbish argument that China don't consume because of our low per capita income is complete utter nonsense.

Our purchasing power is how much each individual can buy.

Consumption power is the aggregate consumption of China.

Look at the list I gave you, China is number 1 or 2 on most of that list. That's the size of consumption power. Do you have comprehension problems too? Good lord man, get a clue will ya.

You said American consumption is huge and because of that the world depends on them. That's why I said China's consumption power in goods is just as big as the US consumption power on goods. It's in services consumption that the US has a big lead over China because our services sector is very underdeveloped. Services consumption is the biggest contributor to overall consumption power.

China's massive consumption power means America is not the only one that can consume. We consume energy, raw materials, agriculture, manufactured goods and services.

There are over 100 million people in China that has the purchasing power to buy everything the American middle class can buy. The advantage for us is that we have another billion people in reserve that will enter our middle class.

What we lack in high per capita income, we make up in sheer size.

Please learn the difference between purchasing power vs consumption power. I've explained this once again and I'm running out of patience.

Basically to sum it all up before I hit the bed...
Chinese consumption is a massive global driver and its not just the US that has massive consumption power.

 

[jhungary]

Once again you have zero understanding of basic economics. This is getting pretty tiring explaining this to you. I'll explain this one last time because I have to go to sleep.

Your rubbish argument that China don't consume because of our low per capita income is complete utter nonsense.

Our purchasing power is how much each individual can buy.

Consumption power is the aggregate consumption of China.

Look at the list I gave you, China is number 1 or 2 on most of that list. That's the size of consumption power. Do you have comprehension problems too? Good lord man, get a clue will ya.

You said American consumption is huge and because of that the world depends on them. That's why I said China's consumption power in goods is just as big as the US consumption power on goods. It's in services consumption that the US has a big lead over China because our services sector is very underdeveloped. Services consumption is the biggest contracture to overall consumption power.

China's massive consumption power means America is not the only one that can consume. We consume energy, raw materials, agriculture, manufactured goods and services.

There are over 100 million people in China that has the purchasing power to buy everything the American middle class can buy. The advantage for us is that we have another billion people in reserve that will enter our middle class.

What we lack in high per capita income, we make up in sheer size.

Please learn the difference between purchasing power vs consumption power. I've explained this once again and I'm running out of patience.

Basically to sum it all up before I hit the bed...
Chinese consumption is a massive global driver and its not just the US that has massive consumption power.

I now think you did have a brain problem or you eyes have some sort of tramur..

NEITHER me nor Loki say anything about comsumption power of anywhere, not US not CHina

This is what Loki said in post 19

US consumerism is....big....

Source: http://www.defence.pk/forums/china-far-east/283872-china-choice-2.html#ixzz2i5tUaNi3

This is what I said in post 20

And the American market is HUGE

None of us were talking about consumption power, and yet you said this last post

You said American consumption is hugeand because of that the world depends on them. That's why I said China's consumption power in goods is just as big as the US consumption power on goods. It's in services consumption that the US has a big lead over China because our services sector is very underdeveloped. Services consumption is the biggest contracture to overall consumption power.

Source: http://www.defence.pk/forums/china-far-east/283872-china-choice-3.html#ixzz2i5ujM4lY

Where did I say American comsumption is Huge??

Lol you better go to a doctor and check it out? I am concern for your wellbeing

To sum it up, you are a massive troll who either troll blindly or you cannot read, that 's all

 

[Destro]

I now think you did have a brain problem or you eyes have some sort of tramur..

NEITHER me nor Loki say anything about comsumption power of anywhere, not US not CHina

This is what Loki said in post 19



This is what I said in post 20



None of us were talking about consumption power, and yet you said this last post



Where did I say American comsumption is Huge??

Lol you better go to a doctor and check it out? I am concern for your wellbeing

To sum it up, you are a massive troll who either troll blindly or you cannot read, that 's all

you have got to be the biggest troll and fraud on this forum.

'American consumerism is....big' and 'American market is HUGE' means the overall size of the US market.

And as I have said the Chinese consumer market is just as big as the American consumer market in goods consumption. It's in services consumption that US has a big lead over China. That's because our services sector is not fully developed.

China is now the biggest contributor to global growth. That's because Chinese consumer market is HUGE.
You don't believe how big the Chinese consumer market is....then read this list:


China's Consumption Rankings:
Household Consumer market (3)
Luxury market (1)
Automobile market (1)
Luxury car market (2)
Aircraft market (2)
Retail market (2)
IPO market (?)
M&A market (?)
Insurance market (?)
Private Equity market (2)
Venture Capital market (?)
Credit Card market (?)
Pharmaceutical market (5)
Medical Equipment market (2)
Advertising market (3)
Internet market (1)
E-Commerce market (2)
Real Estate market (?)
Construction market (1)
Construction Machinery market (1)
Art market (1)
Luxury Watch market (1)
Wine market (5)
PC market (1)
Smartphone market (1)
Tablet market (2)
LCD TV market (1)
Camera market (1)
Home Appliance market (1)
Toy market (3)
Entertainment & Media market (5)
Movie market (2)
Music market (?)
Musical Instrument market (1)
Video Game market (?)
Online Gaming market (1)
Lottery market (2)
Grocery market (1)
Cosmetic market (3)
Jewellery market (2)
Business-travel market (2)
Tourism earner (4)
Tourism spender (1)
Solar power market (1)
Wind power market (1)


You say American market is HUGE, well so is the Chinese market!!!
Put that in your pipe and smoke it.
Another free economics lesson given to you

 

[jhungary]

you have got to be the biggest troll and fraud on this forum.

'American consumerism is....big' and 'American market is HUGE' means the overall size of the US market.

And as I have said the Chinese consumer market is just as big as the American consumer market in goods consumption. It's in services consumption that US has a big lead over China. That's because our services sector is not fully developed.

China is now the biggest contributor to global growth. That's because Chinese consumer market is HUGE.
You don't believe how big the Chinese consumer market is....then read this list:


China's Consumption Rankings:
Household Consumer market (3)
Luxury market (1)
Automobile market (1)
Luxury car market (2)
Aircraft market (2)
Retail market (2)
IPO market (?)
M&A market (?)
Insurance market (?)
Private Equity market (2)
Venture Capital market (?)
Credit Card market (?)
Pharmaceutical market (5)
Medical Equipment market (2)
Advertising market (3)
Internet market (1)
E-Commerce market (2)
Real Estate market (?)
Construction market (1)
Construction Machinery market (1)
Art market (1)
Luxury Watch market (1)
Wine market (5)
PC market (1)
Smartphone market (1)
Tablet market (2)
LCD TV market (1)
Camera market (1)
Home Appliance market (1)
Toy market (3)
Entertainment & Media market (5)
Movie market (2)
Music market (?)
Musical Instrument market (1)
Video Game market (?)
Online Gaming market (1)
Lottery market (2)
Grocery market (1)
Cosmetic market (3)
Jewellery market (2)
Business-travel market (2)
Tourism earner (4)
Tourism spender (1)
Solar power market (1)
Wind power market (1)


You say American market is HUGE, well so is the Chinese market!!!
Put that in your pipe and smoke it.
Another free economics lesson given to you

Last post to you, not interest in keep arguing with a senseless folk like yourselves

What is market? Market is a combination of factor of consumption, purchasing willingness and profits

Yes, china is a big "POTENTIAL" market with a solely big enough population

However you also need to see if the potential market are willing to buy your product

If they have less liquid asset to spend, the are LESS willing to buy, that cover to NOT buy at all or buy in BULK quantity,
And that willingness to buy will directly translate to profit the seller can obtain

Consumption alone Mean JACKSHIT to a market

Really had enough to argue with your thick skull

Purchasing power - Wikipedia, the free encyclopedia

Now, try search consumption in wikipedia? That topic never exist as an indication of anything


You have the power to consume does not equal to you have money to afford it, being a big clnsumption power is one thing, being a big purchaser is another, no where near since you have a big consumption (actually this is not even true as you are not the biggest) that said your purchasing power is also great, compare to Australia
China rank 92 by world bank, while Australia is 9

List of countries by GDP (PPP) per capita - Wikipedia, the free encyclopedia

We clear? You can go back and dream that china is in first position, I no longer want to discuss with you about this issue, why go after someone that process elementary level knowledge? Waste of my time

 

[Destro]

Last post to you, not interest in keep arguing with a senseless folk like yourselves

What is market? Market is a combination of factor of consumption, purchasing willingness and profits

Yes, china is a big "POTENTIAL" market with a solely big enough population

However you also need to see if the potential market are willing to buy your product

If they have less liquid asset to spend, the are LESS willing to buy, that cover to NOT buy at all or buy in BULK quantity,
And that willingness to buy will directly translate to profit the seller can obtain

Consumption alone Mean JACKSHIT to a market

Really had enough to argue with your thick skull

Purchasing power - Wikipedia, the free encyclopedia

Now, try search consumption in wikipedia? That topic never exist as an indication of anything


You have the power to consume does not equal to you have money to afford it, being a big clnsumption power is one thing, being a big purchaser is another, no where near since you have a big consumption (actually this is not even true as you are not the biggest) that said your purchasing power is also great, compare to Australia
China rank 92 by world bank, while Australia is 9

List of countries by GDP (PPP) per capita - Wikipedia, the free encyclopedia

We clear? You can go back and dream that china is in first position, I no longer want to discuss with you about this issue, why go after someone that process elementary level knowledge? Waste of my time

You don't want to discuss the issue because you are running out of BS to spew. You got caught with your pants down and want a way out keeping your dignity in tact.

Your economics knowledge is not limited, it's non-existent mate.

Having the largest market means you are the largest consumer. Market is overall value of consumption. Let it swirl around your pea brain. Having a population thats multiple times of the US means that we have more people that can afford to buy cars than the US has that can afford to buy cars. That's why our automobile market is bigger than the US. We buy more cars than the US, this is why our market is the biggest in the world and the most important in the world. Far more important than the US market.

Purchasing power is the ability of a consumer to contribute to the size of the overall market. More purchasing power means the bigger the market. This is why our market is massive, due to our large population there are many rich people that allows us to be the biggest market in various goods as I have shown in the list.

Per capita income is utterly irrelevant to discussing the size of a market. If you have more people that buys cars, computers, smartphones, luxury goods then that means that market is the biggest and thus the most important market in the world which China is. This is why China is number 1 in these areas and is now the most important MARKET in those categories.

Say China has 150 million people that have above $50,000 salary and the US has 150 million people that have above $50,000 salary, that means we have just as many people able to consume goods as the US does. This is why per capita income is an irrelevant measure. Australia can NEVER be a bigger market than China despite having much higher per capita income and purchasing power because Australia don't have the population size. Even if every person in Australia buys a Ferrari (20 million people) that still won't make Australia a bigger market than China that have 1.3 billion people and among that have say 40 million Chinese that has a Ferrari. That means even though every Australian has a Ferrari due to having higher purchasing power, it's still a SMALLER MARKET than China that have 40 million people that can buy a Ferrari.

40 million Chinese buying a Ferrari makes China TWICE the Australian market where only 20 million buys a Ferrari. This makes our market far more important than the Australian market. That is the consumption power of a country.

Purchasing power is the ability of the average individual to consume a good.
Consumption power is the overall size of the market.

Since we have more people than the US, we only need a few million people out of our large population to be middle class to make the Chinese market the most important market in the world.

This is why Chinese MARKET is HUUUUGE!!!

Now, I've taught you the difference between purchasing power and consumption power and its relationship to the size of population. If you want to understand more, just let me know and I'll be more than happy to teach you.