“Looking at other countries’ US dollar equivalent size in 2000, China has effectively created more than ten Swedens, nearly
ten new Australias, approximately five new Canadas, more than two new Frances, two new
UKs, or about seven Indias. In terms of wealth, China’s has risen four-fold, from less than
US$1,000 per capita to close to US$4,000 today. Since the credit crunch has hit, the relative
strength of China has become even more evident. Indeed, the dollar growth in Chinese
retail sales since 2007, adjusted for inflation, has more than compensated for the decline in
sales in the US over this period” (c) Goldman Sachs