If current trends continue, China will effectively become the principal market driver in many sectors, including telecom, on the basis of consumption, production, and innovation.
U.S. consumers have already shown to be sensitive to higher prices with total motor gasoline consumption down more than 2 percent on a year-over-year basis during the second quarter.
That is, if the mayor really wanted to limit consumption, he would propose a soda tax that is on a per ounce basis and the revenue could be used in programs to educate people about healthy eating.