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https://bloomberg.com/view/articles/2017-12-28/why-china-s-consumers-are-hottest-global-economic-forceChina is increasingly the world’s consumer. Forget the old investment and export-focused growth model. Even more important is the changing nature of consumption, which no longer revolve around staples: Increasing sums are being plowed into movies, tourism and health care. Investors ignore this seismic shift at their peril.
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