Something important just happened in China…
China just surpassed the U.S. in retail sales by hitting $5.64 trillion compared to the U.S.’s $5.53 trillion!
Of course, China isn’t the poster child for accurate numbers reporting, but still… the country continues to be a paradox… obviously it’s the up and coming country, but it also faces some severe problems.
I explain what these are, and how China compares to the U.S. in its growth trajectory, in my latest Friday video.
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