$2.5t spending potential held by Chinese consumers if reopens fully.Submitted by Infamous_Sympathy_91 t3_10n8nzz in wallstreetbets
AutistGobbChopp t1_j67scn8 wrote
There are approx 1.5 billion Chinese people
So $1,666 spending potential per person
I think we'll be fine...
fliesenschieber t1_j67wjbc wrote
So only items that cost less than $1,666 will be affected by demand and subsequent inflation.
[deleted] t1_j68tswm wrote
[removed]
7figurebetontesla t1_j68y7oa wrote
It’s not evenly distributed!
boblywobly11 t1_j68qfoh wrote
Only 500 million have cash to spend. The others are poor.
kaishinoske1 t1_j69afve wrote
Especially after that bail in to the banks those other people were a part of from that real estate fiasco not that long ago.
Shiba_98 t1_j693agm wrote
It’s not evenly distributed. A large part of Americans have less than $400 to cover emergencies but that’s outweighed by those who have plenty.
AutistGobbChopp t1_j6ecwie wrote
Of course it's not, but we need to view that figure in context
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