WSJ: China Inc. Looks Homeward As U.S. Shoppers Turn Frugal

September 29, 2009 at 9:47 am  ·  Category: China, Geopolitics, Macro Economics

We relied too much on the U.S. market.

……

China’s ability to consume has now reached a fairly high level.  It’s at a turning point.

Tom Tseng, General Manager of bicycle manufacturer Tandem Industries, whose U.S. sales have fallen 40% since September 2008

Fascinating front page article in today’s WSJ on Chinese manufacturers starting to focus on the domestic market as exports to the US have fallen off as a result of the financial crisis: “China Inc. Looks Homeward As U.S. Shoppers Turn Frugal”, The Wall Street Journal, September 29, A1.

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