One point that I do not see mentioned is that with increased wealth and increase numbers of Chinese able to afford luxury items, the Chinese economy is best equipped to serve another billion or so customers. China itself can be a very lucrative market for the Chinese economy as it is, there is relatively little change needed then.
The key will be whether or not the Chinese state can guarantee some basic social security items chief among which is a steady food supply. Chinese people are not just consuming more food than ever, but they have been wasting the best part of their country for over half a century -- as a result of which Beijing is now familiar with dust bowls simply because the fertile banks of the yellow river have been stripped from the vegetation that keeps the fertile soil from eroding away. And there will be a very real issue should the Chinese find that they must import all their food because their farmers have become office employees.
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