Chinese consumers are spending more, and that harbors good fortune for Moxian, Inc. (NASDAQ: MOXC) as it continues to roll out its comprehensive online-to-offline (O2O) commercial platform. Consumption in China as a percentage of GDP is rising, and retail sales went up by about 10 percent in 2016. There’s no doubt that consumption is driving commerce and that the Moxian platform that links brick-and-mortar establishments to the cloud is at the hub of online and offline commercial activity.
Reuters (http://nnw.fm/Yf4xs) recently reported on data released by China’s statistics bureau that showed consumption accounted for about three-quarters of China’s economic growth in the first half of 2016. In the past, a lot of China’s GDP growth has come from capital investment and exports, and consumption since the Great Recession has been around 36 percent of GDP. The 2016 reported figure would indicate that the Chinese economy is on its way to becoming…
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