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RobotCatCo t1_jdeezz0 wrote

Reply to comment by stainedglasseye in As TikTok faces a ban, other Chinese companies in US try to pass as locals by Exastiken

According to world bank in 2022 the US consumer market is bigger than China + EU + Japan put together (converted to USD). A lot of Chinese people are still relatively poor. Spending/saving habits are quite different between Americans and Chinese too.

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stainedglasseye t1_jdefotr wrote

That makes sense, but is still kind of mind boggling. Thanks!

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[deleted] t1_jdhx77k wrote

I’m no expert and my speculation might be worthless here, but I would imagine the health of a “consumer market” probably correlates with how much money the average person spends on things they want rather than need. Not to say that doesn’t happen outside the US (that’d be quite the ludacris statement), but the US citizens do spend a lot of money of a lot of stuff.

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