XJO 0.30% 8,099.9 s&p/asx 200

And another thing. This idea that China is slowing down is...

  1. 1,002 Posts.
    And another thing. This idea that China is slowing down is absolute rubbish. You try telling 2 billion people that they suddenly cant attain material wealth and a decent lifestyle for the first time in their lives. The door is wide open and cannot be shut. For the first time ever, the saying "If I could sell a toothbrush to every chinaman" has never been truer, simply because you now can AND more importantly, they are starting to be able to buy one...
    China is a 100 year thing at least, and if we see slower growth figures going forward, just remember that every six years their accumulated growth is around 100%, so they are growing off that base and not the base 6 years prior. In other words 9% growth on $1 million is still bigger than 11% on $750k....
 
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