Jim Cramer wants investors to stop doubting the Chinese consumer already. They have let weaker auto sales cloud their judgment about what is selling in China and what is not, and the Shanghai stock exchange is not reflective of the wealth in the People's Republic.
"I say that because Nike's conference call last night made everyone who had been skeptical about anything good from China look like total dopes," the "Mad Money" host said.
Nike blew away earnings on Thursday when CEO Trevor Edwards confirmed that revenue in greater China was up 30 percent. He went on to say that the gains were driven by strong performance across almost all key categories; he said he expects incredible growth to continue for years to come.
Cramer interpreted Nike's results as confirmation that China is its strongest market in the world.
"How strapped can this nation of 1.3 billion consumers be if China's leading the world in Nike sales, which are much stronger than they are in the United States?" Cramer asked.