His article as usual is contrarian and thought provoking. Economists will not catch the quality improvement in Chinese consumption sector, because what economists care are only numbers, and it is hard to put a number on a quality. I remember about a decade ago, when my mom and her friend went to Guangzhou, they went to a salon there and have the best hair treatment over there, and it was cheaper than what they usualy paid in Indonesia. I watched an Australian woman vlogger who live in China talking about her experience in Chinese massage parlour. For a price of about $15, she can have free buffet, have her body massaged while watching movie on big screen, there is also pool, and she can stay as long as she like. For that price, I only got one free herbal drink in Indonesia, LMAO. No wonder my acquintance who is living in Guangzhou, chose to buy apartment in Guangzhou after staying there for more than 20 years.It is clear he won't be back anytime soon.
His last two paragraphs have a lot of good questions that I also curious to know the answer. He is right for sure, China is currently a heaven for those who like shopping and lifestyle treatment.