‘The China Choice’

[jhungary]

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.

all hail Chinese economy

BiGGEST MARKET I N THE WORLD

All bow before china

What Chinese member say here must be true that even without proof the Chinese king say no, all other price I supply is lies

How can anyone beat this logic??

We surrender to the Chinese knowledge king, all bow before China

I will say, let's screw the IMF, World Bank data, what do they know about economy? Let's learn Chinese economy logic and adapt it as the right of way.

 

[Destro]

all hail Chinese economy

BiGGEST MARKET I N THE WORLD

All bow before china

What Chinese member say here must be true that even without proof the Chinese king say no, all other price I supply is lies

How can anyone beat this logic??

We surrender to the Chinese knowledge king, all bow before China

I will say, let's screw the IMF, World Bank data, what do they know about economy? Let's learn Chinese economy logic and adapt it as the right of way.

These are facts!

You just don't like to hear them because the facts don't fit your anti-China agenda. When you have nothing to argue you twist the logic to suit your agenda and start spewing lies.

I've just stated economics 101 backing it up with facts.

You tried to be a big shot in here and you got put in your place in no uncertain terms.

Face it kiddo, you challenged and lost to a person with far superior knowledge on the subject (I've forgotten more about economics than you will ever know or ever dream of knowing).
Live with the shock and humiliation.
Keep it bottled up inside you.