Evergrande and Rolex availability in the West

[teck21]

I’m the short run, maybe. If there’s enough fear to cause a complete loss of confidence. I think they have it under control though.

Evergrande’s ( and the other property developers) debt issues were never an unknown unknown.

In the longer run though, the fact remains that China is still poorly urbanised compared to the developed countries (ie still dirt poor in many regions).

The link between urbanisation and disposable income is of course not in question.

Also not in question is the hundreds of millions more who will urbanize in the decades to come and join the ranks of middle and upper middle income class.

India, Indonesia, Vietnam and many other countries have barely even started.

If you want a Rolex at msrp, your best bet is to hope that the people of all these countries stay poor forever.


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