looking beyond borders

foreign policy and global economy

Archive for the tag “consumer spending”

Finally, The Second Kid in China

China is finally dropping its one-child policy for around one-third of the population: couples that are urban and Han Chinese in which one parent is an only child. (Couples that are rural, non-Han, or where both parents were only children were already allowed to have two kids.) The policy will remain in force only for urban Han parents who were both the product of two-child homes—a fairly small proportion.

Read Here – The Atlantic

China and India: The $10 Trillion Engine of Future U.S. Growth

Between 2010 and 2020, Chinese and Indian consumers will spend some $64 trillion on goods and services. Chinese consumers will spend approximately $41.5 trillion, with annual expenditures reaching more than $6 trillion in 2020. Indians will spend $22.5 trillion, with annual spending hitting an estimated $3.6 trillion by 2020. Combined, they will be spending some $10 trillion per year by 2020—more than three times what they spent in 2010.

That’s what U.S. politicians and business leaders should be talking about: the promise of China and India as engines of future U.S. growth.

Read Here – Businessweek

Post Navigation

%d bloggers like this: