China Growth Stocks

[Shengli]

China: 18 Million Cars. Now What?

( We are only in the first lap of this race )

http://carnewsarticles.com/2011/01/01/china-18-million-cars-now-what/

My take? A very simple one: There are anywhere between 1.3 billion and 1.5 billion (nobody really knows) people in China. Only 6 percent own a car. The rest wants one. Combine that with rising incomes, even for the lowly farmhand, and there are enough car buyers for decades to come. Sure, there will be the inevitable ups and downs, but the long term trend is up. (If there ever is a serious market tremor in China, it could bring GM down. Ford and Chrysler – if still alive- would gain.)