Henry Ford would be amazed.
It took 100 years but China is now the largest auto market in the world. According to the China Association of Automobile Manufacturers, 13.6 million cars were purchased in 2009. That’s way ahead of the 10.4 million sold in the U.S.
If you own or are thinking about investing in an auto stock, you better figure out how effective their China strategy is.
Hint: Toyota is doing great.
More on this topic
(What's this?)
Andy Xie on China’s Empty Apartments
(naked capitalism, 8/4/10)
What the Heck Is Going on in China?
(Contrarian Profits, 9/15/09)
What the Chinese Are Buying and How to Own it First
(Contrarian Profits, 8/26/09)
Chinese investing with ETF
(Emerging Index, 8/30/09)
Related Posts
- China to build world’s largest solar plant (01/02/09)
- China passes Japan as world 2nd largest economy (08/16/10)
- The world’s largest bank? (04/14/09)
- Where is the world’s largest shopping mall? C… (05/20/08)
- World Market ‘heat’ map (02/13/09)
{ 0 comments… add one now }