It’s way past time to stop calling China the world’s factory.The dragon is waking up.
The country is increasingly the world’s consumer. Forget the old investment and export-focused growth model. Even more important is the changing nature of consumption, which no longer revolve around staples: Increasing sums are being plowed into movies, tourism and health care. Investors ignore this seismic shift at their peril....
Bloomberg View
1 comment:
A little off topic but I've got into Dragon Well - Long Jing - tea recently, superb, you can buy it cheap on ebay straight from China, so Chinese prices. I also like aged fermented Pu'er tea. It's low in caffeine because in the aging process it gets converted to something else. The stuff I have now is 26 years old but I have some on order which is 55 years old. I like first and second flush Darjeeling tea too. Jeff Brown (China - YouTube) got me into Pu'er tea. I can drink it at night.
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