Forces of change: Chinese consumer spending in 2016
Tom BrennanAlizila.com (Alibaba Group)
Investors across the globe are watching China's slowing economy with more than a little concern, but consider this stat from management advisory firm Boston Consulting Group: Even if China's GDP growth slows to 5.5 percent, which is a full point below the 6.5 percent government target, the country's consumer economy will expand by more than half to $6.5 trillion in 2020 from $4.2 trillion in 2015.
"Despite a slowing economy, China will remain one of the world's fastest-growing consumer markets for the foreseeable future," BCG researchers concluded...