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Sunday, August 26, 2012 6:01:38 PM
"A thousand times the size of what happened with the British Industrial Revolution"
Good article, especially the parts about the growing middle class in China and India. They will need goods and of course services. If the article is correct, an investor may want to pay attention.Just pasted a few excerpts from it, theres plenty more at website/entire article.
“In parallel, a massive new middle class is being formed, growing by 70 million people each year and representing a fast-rising share of global demand for all types of goods.”
http://www.edmontonjournal.com/business/Consumption+revolution+biggest+growth/7135327/story.html
"But while the United Kingdom had 10 million people affected by its revolution, there are 100 times that many in China. And changes are happening much faster because unlike the Industrial Revolution, which progressed at the rate of technological advancement, the technology needed to make these economic gains already exists.
So while it took 150 years for the U.K. to double its gross domestic product, adjusting for inflation, China is doing it in 10 or 15 years, Dobbs said."
blackopstocks was the one who found this article on another board for company doing business in China.
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