China Will Soon Become the World's Largest Consumer Market

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China plays the long game. Obama arranged the TPP to keep China from swallowing the entire Asian economy and Trump bailed putting every nation in the region up for grabs in the Chinese sphere of influence. 

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: China Will Soon Become the World's Largest Consumer Market

 

The middle class in China is bigger then the population of the USA

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 China retaliates, threatening its own tariffs on $50 billion of U.S. goods, and stating that the United States had launched a trade war.    Who will pay for this war.... like all other "wars".   ?  

An expanding body of research shows, however, that the burden of Washington’s tariffs has mostly fallen on the U.S., with American importers and consumers having to fork out more money to buy Chinese goods.    ( reported by CNBC )  

 

 

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@CriticalThinking 

Gee, big surprise, huh! Good points. 

trump is literally giving away “the farm”

to China. trump is effectively giving away areas of our leadership in the world including our economy. Why, what are his real motives?

Add to this the Chinese phone company 

that wants to do more business in the US, but has been deemed to be a national security risk. 

trump is supposed to be working for us,

not against us! He is not a Patriot. 

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China Will Soon Become the World's Largest Consumer Market

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Trump supporters refuse to do research and get the facts. They listen to Fox and Trump, which is a big mistake. Don't listen to them when the repeatedly state how much China is hurting U.S. Companies. Get the FACTS and please read the following to see several examples of how important the Chinese consumer market is to American companies.

 

03/06/2019

It is estimated that this year China will surpass the United States to become the world's largest consumer market. China is a big market for global multinationals, and American companies are no exception.

 

In recent years, American integrated circuit manufacturers have achieved tremendous growth in their businesses in China. China is the world's largest integrated circuit consumer market: Nearly half of the world's integrated circuit products are sold to China. During the two years from 2016 to 2017, Intel and Qualcomm achieved sales in China of 28.8 and 28.1 billion U.S. dollars that accounted for 24 and 58 percent of their total revenue, respectively. Last year, the top 20 US integrated circuit companies achieved more than 75 billion U.S. dollars in revenue in China, accounting for about 35 percent of the total revenues of these 20 companies.

 

Corning is a world leader in the development and manufacture of specialty glass and ceramics. China became an important glass substrate production center and sales market for Corning. The company's glass substrates now dominate more than half of the Chinese market. The company has a monopoly over the production of large glass substrates, which are used to manufacture products like large-screen LCD televisions. Last year, Corning's glass substrate business pulled in revenues of more than 5 billion yuan, accounting for 22.6 percent of its global revenue.

 

As for Apple and General Motors, China is not only a manufacturing base; it has also surpassed the United States to become the largest consumer market for their products.

 

The 2018 China Business Environment Survey Report published by the American Chamber of Commerce in China shows that about 60 percent of the companies surveyed listed China as one of the world's three major destinations for investment, and 74 percent of them plan to expand their investment in China this yearm a record number in recent years.

 

http://chinaplus.cri.cn/opinion/opedblog/23/20180720/160155.html

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