By Frank Holmes (Guest Post)
Inflationary expectations and a global economic slowdown haven’t been able to extinguish consumption of goods in China. The retail sector is expected to grow up to 35 percent in 2011 with sales roughly 18 percent higher than a year ago, according to a CEBM China Research. Chinese consumerism first began in the 1990s as the seeds of a middle class began to grow in the country’s largest cities. Today, this middle class is roughly 150 million strong and growing. More importantly, CEBM reports that China’s GDP per capita has reached the $4,000 level. Historically,…
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