(Global Mail) As China plots its response to a White House determined to extract blood on trade, Beijing’s leadership knows it cannot match U.S. military or economic might.
But Chinese decision makers also know they now oversee the the world’s dominant marketplace. China’s retail sales are the highest on earth, worth US$7.5-trillion last year, 14-per-cent higher than those in the U.S.
China is No. 1 in cars, smartphones and any number of other items people buy for themselves. Chinese consumers, in other words, have already collectively become the world’s buying superpower.
