China’S 11.11 (Singles Day) spending goes over $25 Billion

In case your still pushing that tired meme around how the only thing
China does is export goods the truth is they can consume also. And they
like to consume big. China is an import powerhouse, and will claim the
#2 spot globally for imports.

(U.S. will always be number #1 in the category as they no longer can
produce anything with 40% corporate tax rates and a drugged out
workforce.)

Singles day spending was only $9 billion in 2014. We are seeing massive
growth in China in the e-commerce area. Like so many new economic trends
such as EV vehicles the true power of e-commerce is showing itself in
China first.

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