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Home Publications Blogs Beat the Press Are Developed Countries Really Waiting for 1.6 Billion People in China to Start Buying More?

Are Developed Countries Really Waiting for 1.6 Billion People in China to Start Buying More?

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Wednesday, 13 March 2013 04:37

That's what the Washington Post told readers. There is a small problem here since China only has 1.35 billion people. Buy hey, what 250 million people more or less when you're the Washington Post.

(Typo corrected -- thanks Kat.)

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written by Kat, March 13, 2013 4:56
Think you meant 1.35 billion.
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written by Bart, March 13, 2013 4:44

For years we have been promised that by opening up our markets and off-shoring production to low wage countries we will create consumers in those countries for our products that will validate "free trade"

We believed them and now make fewer products and have four dollar skimpy t-shirts from Walmart to show for it.
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written by Chris Engel, March 14, 2013 1:53
The typo aside, I'm curious what you think of a reduction in capital controls leading to increases in Chinese consumption and investment in developed countries' markets?

I mean, they're throwing all their money into houses and other investments, presumably there will come a time for rebalancing where the Chinese consumer may settle into some behavior that benefits us?

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

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