"China is not a consumer society",Disagree,China is a hugh...

"China is not a consumer society",

Disagree,China is a hugh consumer.There are around 200-300 million rising so called middle class people buying fridges,washing machines,micro-waves and motor cars for the first time in their lives,because they can.Then theres the 600 million odd rural dwellers who want these thing too but are not a position YET to buy.

Exports make up 25% of China's GDP with the US accounting for around 15%.

If the Yanks buy less plazmas,it won't stop the Chinese building cities.

Theres a lot of social disharmony between the "haves" and "have-nots" in China and the Central Goverment needs to deliver to the "have-nots" or face its own demise.

I lived in China in 04/05 and believe we are in the beginning of the biggest resource bull market in history ,throw India and South America into mix and who knows when it will slow down.

Sub prime,credit bubble,just a dip in the road.