If Apple were to spend the same effort on the Chinese consumer as we do, we would be in trouble,” Liu Chuanzhi told the Financial Times.

如果苹果花在中国消费者身上的功夫与我们一样，那我们将会有麻烦。

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But greater reassurance comes from the fact that even a big shakeout in heavy industry would be unlikely to derail the Chinese consumer.

即使重工业严重跌落也不会使中国消费脱轨失控，这才是最大的信心来源。

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For example, before Alipay, if a Chinese consumer wanted to pay a utility bill, they would have to wait in line at a bank. With Alipay, they can pay the bills using their mobile phone.

例如，在支付宝出现前，如果中国消费者想支付水电费，需要在银行排队，有了支付宝，他们用手机就可以付账。

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Within the Chinese consumer market, I would like to focus on one group in particular, the luxury consumer market.

FORBES: What Are China's Luxury Consumers Buying?

In 2006, McKinsey predicted that the by 2025, the Chinese middle class would reach 612 million and China would become the third largest consumer market in the world after the U.S. and Japan.

FORBES: Times Have Changed: No More "China Produces and America Consumes"

Last week a Chinese regulator said that it would heighten supervision over Apple and other electronics companies' consumer-rights practices, in the first public signal from the government that it would take concrete steps in response to the media reports.

WSJ: Apple CEO Tim Cook Apologizes for China Warranty Policies