Jamesb101.com

commentary on Politics and a little bit of everything else

How Interesting?…..China rising headlines bring China doubt headlines……

The New York Times today has a piece on its front page declaring China the largest car market in the world (we did a post on it’s jumping past Germany to become third largest exporting country)…….then  questioning the Chinese  economic growth……

What gives?

Anybody who had common sense could predict that China would surpass most the world in its economy…simply by looking at the country…it is huge…and its population is huge….and the Chinese boast that their political system can make decision with the encumbrance of the haggling in a democracy…..remember how everybody has set up manufacturing shops there…I overheard two women at work the other day talking about how products unique to India were now being made in China…..

The piece seems to saying this…….

As China gets bigger economicly….it will have to grow its salaries and consumption…this growth will at some time peak and cause an economic downturn……eceonmists don’t know when…but……

Some experts fear that too much of the stimulus money was put into unprofitable projects and bad loans that will be exposed in a few years. In that view, China’s 2009 boom, in which automakers sold nearly 14 million cars and trucks, and housing prices doubled, is really a sign of an overheated economy at risk of serious recession down the road.

One thing the Dog knows…..China still has a lot of growth potinetal…..and they are right behind America and catching up fast……

Update:…..The Dog gets this from Brandon……

The way things are going within a decade China will overtake the US as GM’s largest market. The spread this year 2 million here and 1.6 million in China. This year car sales in China were greater than the US for the time ever. Volkswagen is on track to overtake Toyota and GM in world sales this decade because of their China strength. TOP five companies in China VW, GM, Hyundai-Kia and toyota. The domestic car companies lag but they are catching up, see Geely’s buying of Volvo from Ford.

and he adds…..

Actually GM sold 1.8 million in units in China last year for a market share of 13%. They may be hurting here but not there. Buick in China outsells Buick over here by over 3-1. Ford has a share of about 2.5% they were late to the game there but they are growing fast up 80% last year.

Thanks….

January 12, 2010 - Posted by | Breaking News, Government, Media, Politics, The Economy, Updates | ,

10 Comments »

  1. dang you American EXPERTS

    why you slight Chinese SUPERIOR product

    Chinese car has yet to enter American auto shops in FULL SWING

    Chinese dont overproduce shit.. now be THANKFUL for China and all the gifts she provide for you

    Comment by Timothy Peter Leal | January 12, 2010 | Reply

    • Ok…TPL……but they sure have alot of people with cars there…..

      Comment by jamesb101 | January 12, 2010 | Reply

  2. The way things are going within a decade China will overtake the US as GM’s largest market. The spread this year 2 million here and 1.6 million in China. This year car sales in China were greater than the US for the time ever. Volkswagen is on track to overtake Toyota and GM in world sales this decade because of their China strength. TOP five companies in China VW, GM, Hyundai-Kia and toyota. The domestic car companies lag but they are catching up, see Geely’s buying of Volvo from Ford.

    Comment by Illinois Brandon | January 12, 2010 | Reply

  3. can I add your comment to the post?

    Comment by jamesb101 | January 12, 2010 | Reply

  4. Actually GM sold 1.8 million in units in China last year for a market share of 13%. They may be hurting here but not there. Buick in China outsells buick over here by over 3-1. Ford has a share of about 2.5% they were late to the game there but they are growing fast up 80% last year.

    Comment by Illinois Brandon | January 12, 2010 | Reply

    • that’s saving their bottom line….

      Comment by jamesb101 | January 12, 2010 | Reply

  5. james b,
    sure!

    Comment by Illinois Brandon | January 12, 2010 | Reply

  6. thanks…..

    Comment by jamesb101 | January 12, 2010 | Reply

  7. Done…..

    Comment by jamesb101 | January 12, 2010 | Reply

  8. China keeps getting headlines…

    We’ve been following the technological headlines from asia for a while on fastests train and ambitious spaceprogram, but this time economics are changing. PoliticalDog reports on China rising and becoming the largest car market in the world, with…

    Trackback by Catch the latest | January 12, 2010 | Reply


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