Monday, October 29, 2007

Red sky at morning

The CBC reports this evening that domestic Chinese travel, Chinese people seeing China, has going from "non-existent" 20 years ago to a $60 billion dollar a year industry now. It's like I've been saying: sooner or later, China's people will necessarily grow in affluence and they'll reach a point where they stop selling goodies to us for a nickel a ton and start consuming their own production. There are 1.3 billion of them in China alone, and only 330 million of us in Anglo America and another 480 million in the EU. We're only frosting on their cake once it's finally done baking.

We better get ready for the day the oven opens.

1 comment:

teflonjedi said...

The view's even more interesting from over here in China...