Last week I wrote about the big business Audi was doing in China. This week, Volkswagon announced that their first-half sales to China increased by 23% compared to the previous year.
This is a pretty important date point because VW is the largest non-Chinese auto seller in China.
I’m not looking forward to my next trip to China now. The roads in the major cities were horrible already and I can’t image how much worse they are going to be with all these new cars on the road.
More on this topic
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Capitalize on China’s Growth with these dividend stocks
(Dividend Growth Investor, 3/10/10)
Jim Chanos Is Wrong About Investing in China
(Investment U, 3/3/10)
Thinking the Unthinkable: What if China Devalues the Renminbi?
(naked capitalism, 2/18/10)
WHAT CHINESE MALLS TELL US ABOUT THE ECONOMIC REALITY
(THE PRAGMATIC CAPITALIST, 2/22/10)
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