View: The Shanghai Tower and Aftermath: New Update
The Shanghai Tower and Aftermath: New Update
Population pyramid for China - "In developed countries, the peak earning years are ages 45-54, with the 45-49 cohort as the peak spenders. Assuming China is moving toward a similar pattern (an assumption I make with caution), the earning-spending cohorts will grow significantly. Unless China's housing bubble triggers a widespread retrenchment and a loss of consumer confidence, demographics, at least over the next 5-10 years, should work in China's favor, driven by home-grown consumption."
No comments yet.