It's incredible for any nation to surpass the US in car sales

It's incredible for any nation to surpass the US in car sales. It hasn't been done since Henry introduced the Model T. Never mind a third world country at the beginning of its growth cycle! Simply amazing....

Now, these are all false of course....Chinese have zero consumption power and its growth has ended, because the Chinese economy is solely dependends on western export, so claimed by some self-hating white azs-kisser (armchair voodeoo) economists! LOL




Reports: China auto sales surpass US for 3rd month


By ELAINE KURTENBACH 15 hours ago

SHANGHAI (AP) Preliminary figures show auto sales in China reached about 1.03 million in March, exceeding U.S. sales for the third month in a row, state media reports said Wednesday.

Data from 14 major auto makers, accounting for roughly 90 percent of total sales, totaled 1.026 million, the Shanghai Securities News and other state-run newspapers said, citing Chen Bin, head of the Department of Industry at China's main economic planning agency.

Full industry data due to be released by the China Association of Automobile Manufacturers in coming days could push March auto sales in China, the world's second-largest auto market, to a monthly record, the reports said.

China's industrywide auto sales in March 2008 totaled 1.06 million, it said.

Americans bought 857,735 new vehicles in March, down 37 percent from the 1.36 million sold in the same month a year earlier, according to Autodata Corp.

http://www.google.com/hostednews/ap/article/ALeqM5jnLvATfENcYIMMfdPa2_raXimdNQD97E8G8O0


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Mercedes, GM Say Sales in China Jumped in March


By DENIS MCMAHON and PATRICIA JIAYI HO

SHANGHAI -- Daimler AG's Mercedes-Benz and General Motors Corp. said their sales in China rose to a monthly record in March, despite a global slowdown in auto demand.

March was Mercedes-Benz's "best ever" month in China, with sales rising 50% from the same period in 2008, said Klaus Maier, Mercedes-Benz (China) Ltd.'s president and chief executive.

"I think it shows confidence in China is back," Mr. Maier said at a briefing Wednesday on the launch of Daimler's Smart minicar in China.

In China and Hong Kong, 11,800 Mercedes-Benz vehicles were sold, which was up 23% from the 9,626 units sold in March last year.

Mercedes-Benz sold 98,500 cars world-wide in March, down 18% from a year earlier. In the quarter, sales dropped 25% from the first quarter of 2008, to 216,000 cars.

Separately, GM said its China sales in March rose 25% from a year earlier to a record 137,004 vehicles. GM's brisk sales in China also run counter to the global trend.

March sales at GM's commercial vehicle joint venture, SAIC-GM-Wuling Automobile Co., rose 38% from a year earlier to 90,784 units, a monthly record. GM attributed the growth to demand for its Buick lineup, Sunshine and Wuling Rongguang minivans, and Spark mini-car.

http://online.wsj.com/article/SB123918949162500695.html?mod=googlenews_wsj

 

Hahahahaha.... Chinese has a lot of money and they are surpass in population. By the ban of bikes in many city the ppl have opted to buy car for the replacement....

 

Well, the Chinese economy is not as affected by the recession than the US. This is due to the fact that China depends mostly on its export of goods, and regardless of people's tight budget, they have to buy certain things as necessities and the majority of imported goods for most country, including Canada and US are Chinese goods. Therefore, China's current economy is still better than many others. Furthermore, in busy cities in China, including Hong Kong and Beijing, buying things is really common. For example, people in Hong Kong likes to go out for meals instead of cooking because it is very convenient. Any form of transportation costs money, including taking a bus, subway, taxi, anything. With this factor, there is constant money interactions daily, many purchases and sells, which stimulates the economy. With this stimulation of the economy, companies can continue to run, people are able to keep their jobs. While people are able to keep their jobs and the imported goods are going on discounted sales, or deals to promote their products, Chinese people have the incentive to purchase luxury goods. In this case, the car dealerships in China have been using many different ways to promote their products to others, so they cut deals with the people who come in, because they are struggling to keep the business running. With the deals they're cutting, Chinese people find that they get better deals now in buying a Mercedes or a Chinese brand car, than before and later on. Since the consumer's buying power increases, there will be more sales in China than many others.

 

The problem is with the word "necessities" with exports. By your above process, if the exported item is not necessary by US standards, then the US will stop buying it. What then happens to the Chinese factory that was making that unnecessary product? They close as a hundred others have already done. Why? Because they haven't yet found a Chinese buyer to replace the loss of the American buyer of that unnecessary product. Further, I don't think people in Chinese cities can fully appreciate what this is doing to the rural areas that migrant workers come from.

In many ways, the Chinese migrant job loss experience is similar to that of the US migrant work force; many Mexicans report that their workers in the US are sending home less and less money as the economy tightens. Most Americans realize it's bad, but in many Mexican small towns, it is worse as the money sent home by migrants in America has dried up.

 

Despite China's exports dropped in Febuary, but Chinese consumption has picked up. Cars sales has pushed past the US's to create largest auto market in the world. Industrial output in February is 15% greater than in February, 2008.

How could this be? Isn't the Chinese economy dependent on export like Japan? Should it be crashing as bad as Japan? LOL

No, because China actually has a massive consumer class. A consumer class that is actually greater than any other outside the US. China is not like any of the other bullsh1t BRIC nations. It could actually buy what it produces, only some self-hating white azs kisser coud make such claim that China has consumption issues. LOL

Anyone who knows anything about China knew this would be the case in spite of some jealous self-hating white azs kisser saying China depends on exports only. LOL


http://www.google.com/hostednews/afp/article/ALeqM5iKK7IhNjVms8tzfUmpn4hJquJu2g

OMG! THIS IS SIMPLy AMAZING!~~~~~~~~~~~~


China: industrial output up 8.3 percent in March

2 days ago

BEIJING (AFP) — China's industrial output rose by 8.3 percent in March, in a sign that a huge stimulus package is kicking in, Premier Wen Jiabao said in an interview published on Monday.

Last month's growth accelerated from the 3.8-percent rise in the first two months as domestic demand continued to improve, Wen said, according to the China Securities Journal.

Data on fixed asset investment and retail sales, which measure spending on infrastructure and consumption respectively, also increased quickly in the first quarter, he said in an interview carried out in Thailand at the weekend.

All this showed the economy was performing "better than expected" thanks to Beijing's measures to tackle the international financial crisis, he said.

China in November unveiled an unprecedented four-trillion-yuan (580-billion-dollar) stimulus package to ward off the worst effects of the global crisis.

However, Wen warned that the nation's export-dependent economy was still facing major difficulties due to a sharp contraction in foreign demand, which has placed increasing pressure on employment.

"The international financial crisis has not yet hit the bottom. It's hard to say that China alone has steered away from the crisis," he said. "We should never overlook (the risks)."

Wen's comments came just days before the National Statistics Bureau is slated to release first quarter data on the Chinese economy on Thursday.

 

Indeed, I guess Wen must be one of those, naysaying "self-hating white azs kisser(s)" that you're so intimately obsessed with. China's problem is, that it must maintain growth at over 8% just to satisfy social need and order; it has done so in recently years only with artificial monetary pressures in keeping the Yuan down and dollar up (steadily buying US treasuries) to encourage a steady stream of export and trade imbalance. In truth, China never counted on the US being brought to its economic knees by other factors (toxic or bad debt). Now it realizes that instead of just financial smoke and mirrors, that it too must actually spend government money to create jobs and growth internally. But let's forget that a moment.

It's apparent that you're into this not to genuinely assess the financial or social problems in China, but rather just to argue that China is the best country in the world with NO problems at all. Your repeated and continued usage of racist terms of personal attack like "self-hating white azs kisser" plainly evidences that you argue international politics like you're cheering for a soccer club; aside from citing loosely related 'facts' you resort more to verbal hooliganism than real comparison of ideas. So in that sense, there really isn't any need to reply any further to your ad hominem baiting; you're not here for discussion, but rather to shout down other points of view. I certainly have no interest in being a strawman for either you or your racist demagoguery.

Just as a matter of FYI, in academic circles, if you ever needed to call other people names, you've already lost the argument.

 

Wssup, you self-hating white azs-kisser of the highest order, "raphrepo"! LOL I thought you retired or hiding from participating in any sort of discussion already? By the way, Mobidoo is still waiting for you to refute his arguments of the western propaganda threads you created. Don't be a SiSsssY man! Real men won't hide and take "NO" for an answer. The both of you brought up good points before, and people would
educate themselves from the inputs you two tribute(d), then they'll draw conclusions base on the debate. Political forums are for debating not for chickenin out. Come on big boy..don't hide from the guy. =) You wouldn't want me to ignore you too LOL


and now moving on to the main entree......*yummy* *yummy*

Do you want to bet your azs and every bitz of asset that you own on it the above assumption you made won't hold ? LOL Dude, you are truely a self-hating white azs-kisser surpreme. Raprepo is the king of the azs-kissers. LOL

Western propaganda all the way. The above assumption is always mentioned in all western news media, however, in reality this is hardly the case. The Chinese culture is extremely different from the West. I think you need to study more Chinese history to understand this. Little white azs-kisser like you may have forgotten all about it.LOL

Even chinese living in developed and democratic countries hardly ever vote or care about which political party is in power. The reason for this is that chinese follow a confucius thinking of all for the greater good. It is a king's job to govern and people's job to obey. Are you really fooking Chinese? LOL If you observe Chinese in classrooms you will notice how obedient the chinese students are... usually teacher's pets. The reason for this is that Chinese culture teaches - one shall not to question athority but to obey. The reason why Chinese cutlure was able to stay alive so long is mainly because their ability to tolorate sh*t from others even from their own government.

With the background of today's world, even a 0% can be tolerated by the Chinese government. All Chinese think the hardship was caused by US government and yankees, and Chinese government is doing pretty well. Considering how some major economies were shrinking at double digit annualized rate, China is doing fine...very fine..thank you.

And no, I don't think China is the BEST country in the world, and like all counties she has problems.
But I happily anounce that I am loyal to her through bloodline...Sue me bitch! =) At least I am no China-hater and a self-hating white azs-kisser like you are LOL

 

China's Stimulus Spurs U.S. Business

As the Government's $585 Billion Program Pours Money Into Projects, U.S. Suppliers Find OpportunitiesArticle

By JAMES T. AREDDY and TIMOTHY AEPPEL
China's efforts to quickly pump up its economy are providing a much-needed boost for U.S. businesses as well.

A growing number of companies, from tire and excavator makers to fast-food chains, are benefiting from China's $585 billion stimulus program, which has quickly funneled money into everything from bridges to consumers' pockets.

Just 11 days after the Chinese government approved a $930 million bridge and expressway project called Xiangshan Island Bridge, which will extend over the East China Sea and through mountain tunnels, massive orange drilling equipment was already on site.

Such speed is critical to U.S. industrial-equipment makers, which sell into that market and aren't benefiting nearly as quickly from U.S. stimulus spending.

Caterpillar Inc. Chief Executive James W. Owens says the company's excavator sales in China have returned to record levels in recent months, bouncing back from plummeting sales over the winter.

Construction on the first stage of the $930 million Xiangshan Island Bridge started just 11 days after the Chinese government approved the project.
He says China continues to have a great need for infrastructure and that projects there could start much more quickly than could similar projects in the U.S. "It's something like nine months [in the U.S.] versus nine weeks" in China, he says.

China also appears to be one of the few bright spots for the steel industry. Although U.S. steel companies are suffering because of the problems in the auto and construction industries, Lakshmi Mittal, CEO of Arcelor Mittal, the world's largest steelmaker, said on Wednesday that China's stimulus package is finally starting to increase demand for steel.

Rising demand in China helps all steelmakers, whether or not they have plants in China, because it keeps excess Chinese steel from flooding the market and depressing prices.

When China's economy sputtered late last year, fears arose that the one bright spot had faded. But it now appears to be stabilizing, in large part because of the speed and heft of the country's stimulus spending.

As a result, China, the world's third largest economy behind the U.S. and Japan, may be the first major economy to recover.

China's investment in infrastructure projects has soared, rising 102% in the first quarter from a year earlier, the National Bureau of Statistics says. In contrast, Washington has distributed $69 billion of its $787 billion in stimulus funds to states and localities, which have spent $14 billion.

China is emerging as an important opportunity for many U.S. producers.


Almost overnight, neighborhoods in Shanghai erupted with scaffolding and drilling, a result of China's attempt to fight the recession with city beautification projects. James Areddy reports from Shanghai, China.
"The hope is that China would become an engine of growth to drive the global economy out of this severe recession -- much as the U.S. was the engine of growth that drove the global economy after the dot-com collapse," says Daniel Meckstroth, an economist at the Manufacturers Alliance/MAPI, a public-policy group in Arlington, Va.

He notes that China has a huge foreign currency reserve, built up over years of trade surpluses, that puts it in a position to spend heavily to stimulate its economy by building infrastructure.

China's efforts are also stimulating consumer spending, and that helps manufacturers both at home and abroad, including in the U.S. "The Chinese are spending on more value-added good: autos, appliances," Mr. Meckstroth says.

Indeed, Goodyear Tire & Rubber Co. CEO Robert Keegan says the company sees promising signs for tire sales in China, where auto sales hit a record in March.

Although emerging strength in China isn't enough to offset weak North American sales, it does help prevent even deeper losses.

On Wednesday, the tire maker said it swung to a first-quarter loss of $333 million, compared with a net profit of $147 million, or 60 cents a share, a year earlier. Sales fell to $3.5 billion from $4.9 billion.

Fast-food giants are also trying to cash in. Yum Brands Inc. -- parent of the KFC and Pizza Hut chains -- opened 98 new restaurants in China in the first quarter and is on track to open at least 475 new ones for the full year.


Caterpillar's excavator sales in China have returned to record levels. Above, its machinery in Tianjin last June.
Before the recession took root in the U.S. and then spread around the world, companies talked about the powerful Chinese economy, which was driving up demand and prices for a wide range of goods, from iron ore to tractor tires. Executives remained optimistic that demand in China would offset weaknesses elsewhere.

The swift start on the Xiangshan Island Bridge project reflects years of preparatory work, a top-down administration that tolerates little dissent and a pipeline of projects.

Indeed, by the time building on the bridge began, it had been being planned for 15 years.

"China has a strong pipeline of well-prepared projects," says Robert Wihtol, China country director for the Asian Development Bank.

Caterpillar Sees China Sales Pick Up Goodyear's China Sales Surpass U.S. The bank estimates it takes 18 to 20 months under normal circumstances for China's highest administrative body to sign off on a "feasibility study report," and then four to six months for the money to be disbursed to start building a major piece of infrastructure.

These days, Chinese officials keen to demonstrate their commitment to sparking economic activity increasingly pepper speeches with buzzwords like jiakuai, or "build it quick."

In a recent report, the World Bank forecast stimulus spending will represent three-quarters of the 6.5% GDP growth it sees for China this year. But the World Bank also said much of the money is for "projects that were already envisaged in the government's longer-term plans."

Serious discussion of the Xiangshan Island Bridge dates to 1994, says Ningbo-native Liu Cijun. That was five years before Mr. Liu completed a Ph.D. dissertation on bridge wind resistance in preparation for his current job: chief engineer on the new project.

The provincial government gave its blessing for preparatory work on the bridge in 2004 and held a stone-setting ceremony in 2006, but the bridge work didn't begin. Beijing had begun admonishing local officials nationwide to cut unnecessary spending to slow double-digit economic expansion, and the China Development Bank declined to release funds for the bridge.

"The situation didn't change until the second half of last year...when financial crisis broke out," says Chen Caijian, who managed the project for four years and now works in the transportation section of Ningbo's planning bureau.

On Aug. 18, the bridge's feasibility report finally won approval from an umbrella planning agency in Beijing, paving the way for other parts of the government to sign off on it too.

When the Ministry of Transportation gave its nod in December, about 200 bridge-piling specialists were quickly hired from Jiangxi province to start site-preparation work, and the site has been busy 24 hours a day ever since.


http://online.wsj.com/article/SB124..._wsj#articleTabs_comments&articleTabs=article

 

Oh? Pretending to be academic now? I liked you better when you were rolling around in the trash spewing the gutter talk. Now you're quoting the WSJ? LOL indeed. How can you now expect anyone to take you seriously? Your aptitude for serious debate is painfully thin. Why don't you just return to the personal attacks; as least they were worth a laugh.

And this line is the best: "...And no, I don't think China is the BEST country in the world, and like all counties she has problems..."

True, except that, even within a Chinese dedicated forum, you're never seem to want to ever identify just WHAT those problems are, and to openly discuss them. If you reviewed all of your posts, you always talk about how bad the US or western world is when asked anything about China. It's like if someone asked you how to get to Shanghai, you start talking about the sewers in Cleveland. LOL...

 

what's the matter? I thought you retired from participating in any sort of disscussion already, that you only post threads for others to view and observe only. By the way, Mobidoo is still waiting for you to refute his arguments of the many many western propaganda threads you created.

It only took you like a year to reply. Why don't you send the rest of the Stooges out to wipe your azs for you. Oh yeah..and China is going to spin in to chao if she doesn't meet the 8% GDP.


What a you self-hating white azssss-kisser of the supreme! LOL

 

I just want you to be aware that I've lodged a complaint against you. Again, while we may disagree about the correct political direction for the Chinese people, I certainly don't have to tolerate your constant childish insults and personal attacks. As for your "hero," Mobidoo; as soon as he referred to the new US president as a "spade" I knew immediately what his agenda was. I won't bother even to suffer through the dialog and rants of such blatantly racist participants. He's the reason why forums have filters.

 

hahaha..quit making lame white azs-kissing excuses..you self-hating white azs kisser..you are afraid of Mobidoo becuz you couldn't and can't compete nor skill enough to debate
with him. You are chickenin out since Mobidoo set foot on this forum. Mobidoo is a peaceful and loving dude. He dun kiss white azs like you do.

 

China's growth is quickly being driven internally. While the rest of the world is mired in a recession, China has grown the fastest, fired by a continental sized domestic market.

Simply amazing....

http://www.ft.com/cms/s/0/429c3242-3db7-11de-a85e-00144feabdc0.html?nclick_check=1

Global Insight: Chinese tap an inner dynamic to drive growth

By James Kynge

Published: May 11 2009 01:43 | Last updated: May 11 2009 01:43

China is going continental. Just as the US during the 19th century underwent a transition from export-oriented growth to a greater reliance on inner dynamism, so China is looking inwards for the engine to drive its economy.

In China’s case it is still early days, but evidence suggests the conventional view of an export-dependent, river delta-driven economy no longer matches the reality. The argument here is not that trade has somehow become unimportant to China, but rather that the energy generating the world’s fastest economic growth rate this year is increasingly coming from within.
EDITOR’S CHOICE
Opinion: Amid the economic rubble, Shangkong will rise - May-10
Beijing struggles to prop up growth - Apr-16
Opinion: An army marching to escape medieval China - Apr-15
China rebound hinges on role of exports - Apr-15
Growing signs of Chinese recovery - Apr-13
China property prices ‘likely to halve’ - Apr-13

A series of indicators reveals the shift to “China Continental” – the transition of the world’s most populous country into an increasingly self-propelling economic force. There are caveats, of course, but first the evidence.

Retail sales have held up much better in China this year than in other big economies, growing at a real 15.9 per cent in March year-on-year. But more important than the overall trend is the composition of the retail spending.

The most robust consumer spending figures are coming from inland and lower-tier cities rather than from the traditional growth powerhouses clustered around the Yangtze and Pearl river deltas. A China Confidential survey assessing consumer spending intentions among an estimated 64m middle and upper income households in 189 cities in March showed a much higher propensity to spend in lower-tier cities.

Overall, 51 per cent of respondents in 15 second-tier cities said they planned to increase spending this year from last – a full 9 percentage points more than the number from the first tier. In 170 third-tier cities, 49 per cent of respondents said they would boost their spending this year.

One upshot of this trend is a corporate rush to capture the spending power of the inland consumer. In sectors as diverse as hotels, paid-for education and general retail, companies are seeking to offset slackening sales growth in the big coastal cities by embracing China’s continental geography. A subsidiary of Home Inns and Hotels Management, the budget hotel industry leader which already has a network of more than 600 hotels, aims to open 250 outlets by the end of 2010.

Wal-Mart plans to increase the number of its stores from five to nine in Chongqing, a city 2,500km up the Yangtze river from Shanghai. This will mean it has more stores in Chongqing than in Beijing or Tianjin.

Other signs of the China Continental theme can be seen in the fact that domestically bound cargo traffic through ports is increasing year-on-year, while foreign trade volumes are slumping. Property transactions are surging across the country.

Recent key reforms may also work to create inner-dynamism. A healthcare plan, which envisages spending Rmb850bn ($125bn, €100bn, £85bn) until 2011 on basic health insurance and grassroots clinics, is intended, in part, to expand disposable income. The spreading monetisation of agricultural land, under which farmers have started to use land as collateral for loans or as registered capital for setting up companies, has the potential over time to transform the rural economy.

The unlocking of inner sources of strength will be crucial for China if it is to grow robustly in the face of declining global demand. Foreign trade for the first quarter fell 24.9 per cent year-on-year, but overall gross domestic product grew by 6.1 per cent during the same period.

Some of this growth has come from the initial implementation of a Rmb4,000bn fiscal stimulus package, but the bulk of planned infrastructure spending has yet to get under way.

Sceptics argue that China’s performance this year has come through huge but ultimately unsustainable government intervention. Such spending, they say, will boost growth for a time but achieve little but industrial overcapacity in the longer run. These arguments are not without merit, but they miss a newer, more interesting prospect; that Chinese growth is increasingly self-generating and continentally driven.

 

Haha

haha nice, but german cars own, bmw ftw