the Consumption of China

Chris Puplava: Chinese government is taking steps to support its internal consumption...first Wal-Mart Supercenter opened in 1996..now 77 in the country, not to mention the many more Carrefour (French version of Wal-Mart) stores in China (Cliff Note: Cliff was almost trampled by the many shoppers at one Carrefour store in Beijing)...

Chris mentions "Even amidst the global crisis over the last year [Wal-Mart] retail sales in China have remained in double-digit territory and are already rebounding"...ALSO China has lowered its reserve requirements for banks to spur lending & lowered interest rates for deposits to discourage citizens from saving & foster greater consumption... "Their efforts are working as total loans of financial institutions has risen to more than a ten-year high of 30.6% YOY"...

http://www.financialsense.com/Market/cpuplava/2009/0708.html