>>internal consumption is still moribund
Do you ever go to the supermarkets? Every time I go to eat outside in the evening at the mall, I have to wait a line of at least 5 numbers to get a table, and I live in the suburbs, very far from downtown.
Everything is crowded in China, what does that prove? That consumption of food happens is of no doubt, but you have to save like crazy for everything else. I have a few years of salary saved up in the bank since there is absolutely nothing to buy except overpriced real estate and cars (but then I'd have to join the lottery for a plate).
Taobao, 360.com and the likes are selling Billions and Billions trough the internet, massive amount of internet consumption, home appliances, electronics, clothes. Thats not food nor real state and cars
