Beijing auto show.........
It is estimated the China market is presently 10 million new cars a year needed to meet the demand as Chinese trade in their bicyles for cars--road will be needed, etc.
All of this is realized and frightens the Chinese government that is concerned about the overheating of the economy now with a present growth rate of an astounding 9% per year.
When China starts exporting their cars to the US this will be the final nail in the US industrial coffin. Granted, these cars will be made in partnership with American car companies at the expense of American jobs to make them, but hey--profits at the companies involved won't suffer.
Keep the old south in mind. Slave labor is profitable.
Publius
