The China Syndrome

Winners’ Wisdom: By Jim Stovall

Facts are facts. They are neither positive nor negative. They are simply true. You and I get to decide what impact facts will have on us personally and professionally.
Recently, I’ve been discussing the phenomenon surrounding the growth, development, and economic explosion in China. They are clearly becoming a dominant world force. Some of my less-informed fellow Americans have accused me and others who simply cite the facts as being negative or unpatriotic.
It is neither good nor bad for Americans, individually or collectively, that China is growing and developing. We get to decide what this means to us and plan accordingly.
America has recently benefited from a consumer base that is the envy of the world. This week, I heard a fact that could indicate a significant shift in consumer demand on a global basis. At this writing, America has approximately 3 million people who have $80,000 or more in cash reserves. This represents approximately 1% of our population who have the wherewithal to buy any consumer items whenever they wish.
China on the other hand—which is approximately four times more populous than America—has over 300 million people who have $80,000 or more in cash reserves. This would seem to indicate that—as China is becoming a major manufacturer on the world scene—they are also developing a huge consumer base hungry for those products. While many Americans might look at these statistics and be depressed, others are looking at the same statistics and finding the opportunity behind the numbers.
My home state of Oklahoma is experiencing its second year in a row of drought and record-breaking heat. While this creates a true crisis for farmers, others are finding it to be a time of extreme opportunity. Recently, I have spoken with swimming pool installers, lawn sprinkler companies, air conditioner repair organizations, and others who tell me it is the best of times.
Those who collect facts and report on trends should neither be positive nor negative, and whether you and I are expecting good times or bad times as a result of the facts, we will inevitably be right.
As you go through your day today, accept each new fact as a hidden opportunity.
Today’s the day!

Jim Stovall is the president of Narrative Television Network, as well as a published author of many books including The Ultimate Gift. He is also a columnist and motivational speaker. He may be reached at 5840 South Memorial Drive, Suite 312, Tulsa, OK 74145-9082; by email at Jim@JimStovall.com; or on Facebook at www.facebook.com/jimstovallauthor.


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