Here is the average salary in China...
China's 2011 average salaries revealed |Economy |chinadaily.com.cn
There goes your %50 domestic consumption.
Do you even see how you contradict yourself as highlighted?
That is sheer nonsense. There are many segments of the Japanese industry where the Japanese at least rival and even outperformed the American counterpart -- the auto industry for example. Or how about my own semiconductor manufacturing for another example. You want this argument to be taken seriously? Try supporting it with a credible economist.
Average salary is irrelevant. China's massive middle class population is more than enough to absorb most of the domestic production. China is already the 3rd largest overall consumer and the largest or 2nd largest consumer of many products such as automobiles, PC, smartphone, luxury goods, etc.
The average wage is brought down when you include the poor in China. But the Chinese middle class ALONE is bigger than the entire population of most countries. China is full of savings and a strong currency has dramatically increased domestic consumption.
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