China Gets Competitive With US Retail Sales
For the past several months we’ve seen a lot of headlines questioning growth in China. While those may hold merit, we can rest assured that their growth in retail has been very strong.
I shared this on my blog the other day, but wanted to share here with Seeit Market readers. The chart below highlights a significant development in Chinese/US retail sales.
China has closed a $140 Billion gap in retail sales (with the US) since 2009. Wow, think about that for a moment. This is important when you think about companies like Apple Inc. (NASDAQ:AAPL), Nike (NYSE:NKE), Michael Kors (NYSE:KORS), Visa (NYSE:V), MasterCard (NYSE:MA) all trying to further their business in China.
It’s been a difficult road for some companies, however, it’s easy to see how the return on investment could be huge if long-term plans are executed.
Thanks for reading.
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