what is the per capita income in china? if population size sustains market bubbles, why wasn't there a china bubble 10 or 20 years ago?
Did you know they're a "communist" country? Go back 20 years and tell me what you see...I'm only in my mid-20's but I remember.
They "need" to have poor people. If salaries increase, their -massive- exports will become less competitive. Sad but true.
go to las vegas's louis vuitton or hermes shops and you'll see chinese tourists snatching up us$2,000 - $15,000 items hand-over-fist. also, the previous post on the chinese gambling habit is true. macau just surpassed las vegas in gambling revenues. all table games, as i've read that slot machines are not popular there.