China has long relied on investment - instead of consumption - as key driver of economic growth
• China's consumer spending to GDP ratio remains well below the global average
• Catch with this strategy is that great investment opportunities become scarcer as economy grows
Hard to see how Europe would benefit from a big USA-China trade war. China exporters would seek to replace lost USA market and flood the world with goods at dumping prices, undermining Europe companies at home and abroad - worsening Europe trade balance & compounding the "China shock" for industry.
Y por último. Previsiones de rentabilidad hechas ayer por el banco HSBC:
Abrazos,
PD: Baja natalidad:
