Most middle class Chinese will be able to afford a car by 2009. Mass production, what China does best, will make the cars even more desirable.
And, voila'! China takes over as number one.
When sales of vehicles reaches 7 million cars this year, China will pass Japan to become the world's second largest market.
Additionally, China has been doubling the number of cars exported each year since 2002. This year the total will be 215,000 cars and next year, perhaps 500,000.
But then....that will be 15 years down the road AND if all things stay the same.
I once heard that if you laid 10 economists down from head to foot next to each other...they still wouldn't reach a conclusion.
At least these guys are sticking their necks out.
What do you think?
That economist is right. I am Chinese, who has been in Germany for over 4 years. Before I went to Germany, there were just very few friends, who could afford a car, but these days nearlly 1/3 mein friends have owned it, and 1/3 friends are learning driving, and are going to have it...Because on the one hand their salary is more and more, some of them get the same salary as that in west, and on the other hand, the price of car is cheaper and cheaper in China.
Posted by: citybaby | November 2, 2006 3:38 AM | Permalink to Comment