$2.5t spending potential held by Chinese consumers if reopens fully.Submitted by Infamous_Sympathy_91 t3_10n8nzz in wallstreetbets
cunth t1_j68az5v wrote
Reply to comment by locri in $2.5t spending potential held by Chinese consumers if reopens fully. by Infamous_Sympathy_91
Cuban cigars have trippled in price over the last year and are still difficult to get largely thanks to a surge in Chinese demand. The sheer size of their middle class with discretionary income now is a force to be reckoned with.
If OP's data is true, it will undoubtedly affect demand for luxury goods at the least.
Outis7379 t1_j68l8bi wrote
TSLA TO THE MOOOOOOOOOOOOOON!
X_Danger t1_j68ntr4 wrote
Let's target some ads to these middle class individuals to get them investing into US stocks
And see how soon the excess turns to margin calls
locri t1_j68ffg8 wrote
Then buy American cigars.
710AlpacaBowl t1_j68t3py wrote
He said luxury goods
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