InvestorQ : How big is China as a consumer economy and how does that impact the overall role of China in the global economy?
Tisha Malhotra made post

How big is China as a consumer economy and how does that impact the overall role of China in the global economy?

Answer
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1 year ago


Apart from the huge commodity demand that China generates, China is also a major market for almost every conceivable finished product. Here are a few samples. China is the largest consumer of cars in the world and accounts for nearly 6.5% of world car demand. It is the largest consumer of integrated circuits and consumes 32% of the world output. China is already the world’s largest consumer of most food items, mobile phones, laptops, toiletries and most luxury apparel and perfumes. This will nearly impact nations across the developed and emerging markets.