| in 5 years, Chinese economy will grow 40% larger, then it is todsm(asauying 7% growth/year target is hit). So, in 5 years share of consumption will be 1.4*38%=53% of today’s GDP. In real terms, assuming current GDP at $2T, Chinese will spend 1.064T on consumption, as oppose to 700B now. This is a tremendous growth, don’t you think? Exponent is a funny thing! |
