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.

While China now leads U.S. in retail sales, it also leads the emerging world in another area… but one that is a clear, present, and extreme danger.

Listen to my latest video for the details…

Harry
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Harry Dent
Harry studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of the profession that he turned his back on it. Instead, he threw himself into the burgeoning New Science of Finance, which married economic research and market research and encompassed identifying and studying demographic trends, business cycles, consumers’ purchasing power and many, many other trends that empowered him to forecast economic and market changes.