Andy Kessler, former hedge fund manager, has a recent piece in the Op Ed section of the Wall Street Journal in which he says, “This trend toward consumerism is already under way—China’s big cities are plastered with ads for Porsche, Gucci and Apple products. Some 600 million Chinese have smartphones. Uber and local Didi Kuaidi are battling it out to offer rides. Airbnb is booking spare rooms.”
Read his article here. (Subscription required)
