Fw: Sinology by Andy Rothman: World's Best Consumption Story

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From: Matthews Asia <info@matthewsasia.com>

Sender: Matthews Asia <matthews@reply.ms00.net>

Date: Fri, 11 Jul 2014 09:01:50 -0700

To: <mainandwall@hotmail.com>

Subject: Sinology by Andy Rothman: World's Best Consumption Story

July 2014
Si-nol-o-gy [n]: the study of Chinese language, history, customs, society and politics Sinology by Andy Rothman is a publication designed to provide investors with a framework for developing a deeper understanding of China and its economy. The focus will be on discussing the longer-term trends that are taking place in the country and their impact on the global economy. In our third installment of this series, we explore China's consumption growth. Unprecedented income growth is the most important factor supporting China's already strong consumption story. So is there any merit to the naysayers who argue that consumption has weakened, and investors should be alarmed by the urgent economic 'rebalancing' needs? Sinology explores. Andy Rothman Investment Strategist
World's Best Consumption Story	Consumption may be a small share of GDP, but by any other measure China's consumer spending is very strong, with real retail sales up 10% year-over-year. Income has more than doubled over the last decade, and in recent years private consumption has been growing by 9% in China, compared to less than 2% in the U.S., Japan and Germany. 'Rebalancing' of the Chinese economy is already well underway, and there is no reason for investors to wait for that process to finish. China is already a fantastic consumption story.
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