> "China used as much concrete in just three years as United States in one century"
He wants you to think he's comparing the last 100 years. In reality he's comparing two different time periods because U.S. acceleration ruins the wow factor.
> "Chinese now consume more Guccis and Bulgaris and Louis Vuittons than the rest of the world combined."
He wants you to think Chinese consumers have a lot of buying power. They don't. They just happen to like those specific brands. Even Japan spends more than the U.S. on those specific brands, with half the population.
He wants you to think he's comparing the last 100 years. In reality he's comparing two different time periods because U.S. acceleration ruins the wow factor.
> "Chinese now consume more Guccis and Bulgaris and Louis Vuittons than the rest of the world combined."
He wants you to think Chinese consumers have a lot of buying power. They don't. They just happen to like those specific brands. Even Japan spends more than the U.S. on those specific brands, with half the population.