China has now passed the U.S, becoming the world's largest retail market and a lot of Americans are pissed. But instead of blaming the elites who have caused this to happen, most seem to be picking sides making this a political issue. Politics always gets in the way of common sense.
The U.S has been in bed with China for decades and President after President has overlooked the possibility of China surpassing the U.S.
Trump is the only President to even pretend to be putting America first but it is too little too late.
“China is amid the final stages of an economic maturation that precludes the ultra-high growth rates of years past, regardless of politics and policies. Its potential growth rates for consumption and retail sales are still higher than what the U.S. and other major markets will see in pandemic-ravaged 2020. That leaves China in a position to reclaim some degree of standout performance once the pandemic subsides,” eMarketer said.
Victor J Morrow