[Post 587] Made In China Only: China Looks Domestically For Growth But Will It Succeed? | Insight

Summary

Shawn Allard, 27, quit his job as a dental consultant and decided to buy two Arizona ice cream shops called Novel Ice Cream. In 2023, the business brought in $1.2 million in sales.Whether by choice or circumstance, China is looking inward for its economic growth. 

President Xi Jinping wants Chinese consumers to spend their way to growth, buying up domestically made goods. At the same time, the government will invest more in “New Productive Forces” – A.I, Green Tech and Advanced Computing - all for the goal of moving up the value chain and shedding China’s reliance on foreign technology. 

In this period of “de-coupling” and trade wars, Beijing might have little choice but to become more self-sufficient. Yet, an overly inward-looking and nationalistic China could discourage foreign investors. Are domestic consumption and production enough to jumpstart China’s sputtering economy?

[Post 586] I Bought An Ice Cream Shop — Now It Brings In $1.2 Million A Year

Summary

Shawn Allard, 27, quit his job as a dental consultant and decided to buy two Arizona ice cream shops called Novel Ice Cream. In 2023, the business brought in $1.2 million in sales.

[Post 585] I Won The NYC Housing Lottery — Now I Pay $1,000/Month For A Luxury Apartment | Unlocked

Summary

Nkenge, 30, won the New York City housing lottery in May 2023. She lives in a one-bedroom apartment in the Flatiron District of Manhattan. Her rent is about $1,000 per month.

Unlocked is a home tour series focused on how much people across the globe spend on their housing, what they get for the money and what they had to sacrifice to make it happen.

[Post 584] Living On $110K A Year In Italy - How I Plan To Retire By Age 40

Summary

Darren Thedieck enlisted in the military at 18 and has diligently saved and invested ever since. He's on track to retire in 8 years, after 20 years of service. So far, he's saved over $500,000.

This is an installment of CNBC Make It's Millennial Money series, which profiles people across the globe and details how they earn, spend and save their money.

[Post 583] I Live In A $250K Houseboat In Toronto, Canada | Unlocked

Summary

Kate Fincham, 35, has lived in a houseboat in Toronto, Canada for the past three years. She purchased her home for $250,000. Kate is a content writer and lives with her two cats.

Unlocked is a home tour series focused on how much people across the globe spend on their housing, what they get for the money and what they had to sacrifice to make it happen.