[C3.] China Expansion Bolsters Region The economies of the Asia Pacific region are booming because of China's enormous craving for trade and energy and other natural resources to fuel its galloping expansion and growing consumer demand.
Almost no country has escaped the pull of China's enormous craving for trade and, above all, energy and other natural resources to fuel its still galloping expansion and growing consumer demand.
Investors looking to put cash to work in stocks but fearful of an American earnings bust next year should look at China, where continued gross domestic product expansion and steady consumer spending will help to sustain profits, according to Neil Shen, a managing partner at Sequoia Capital China.
The hope is that businesses will use the extra cash to fund expansion plans and consumers will utilise the opportunity to use cheap cash to buy assets such as real estate.
"Our investments in innovation, portfolio expansion, marketing support and consumer value are working.
Mr. O'Neill said the United States was in the middle of a correction set off by "a rate of expansion and acceleration in consumer spending in the early part of the last year" that could not be sustained.
Last year, for example, the bank affirmed its belief in the confidence fairy — that is, the claim that budget cuts in a depressed economy will actually promote expansion, by raising business and consumer confidence.
For years there has been no mainstream ideological alternative – least of all from Labour – to the wisdom of the market and expansion of consumer capitalism into every public service and every area of life.
Supported by public opinion, policy makers in European countries have also restrained the expansion of consumer and housing credit, lest citizens become "overindebted".
