If China's financial industry goes in the tank like ours...

Fair enough. My experience is probably pretty colored by coming here directly after two years in an African village where most of neighbors owned a single set of clothes and were just beginning to afford luxury goods like plastic drinking cups and laundry soap- a place where my town of 50,000 people could support two restaurants. So even my rather backwoods Chinese city seems like a consumer orgy.

Your article seems a little suspect though. It complains about the low threshold of “middle class.” I make a little less than the lowest threshold of $3,200 (though with some perks- I get housing and health care) and I am definitely in the consuming class- I shop at the supermarket as often as at the open market, I eat at restaurants, I drink soda and beer and buy packaged snack food, I can buy home furnishings and new clothing as long as I keep things modest (I’m saving for a toaster oven), I can travel locally and I have money left for treats like DVDs or the occasional trip to KFC.

To me this is what you expect from an emerging middle class. It’s certainly a lifestyle most people in Cameroon could never expect to live- a bottle of Pepsi there costs what most people make in a day.

Yeppers. If we could cancel out imported oil, or at least a lot of it with new nuke plants and whatnot, we’d get in really good shape in no time!