Comments on: While America Slept. Sunday, December 21, 2008

By: charly

charly — Sun, 21 Dec 2008 21:45:22 +0000

No, it is a contraction. It is 8.5% more than November last year. But if you have 30% growth a year and than you have growth which completely stops than that year you stil have 15% growth. So 8.5% growth is a contraction of 6.5%.

ps. It depends a bit in which month the growth stop and there is a big seasonal effect in carsales etc. so 15% is not a very precise number.

By: Bertel Schmitt

Bertel Schmitt — Sun, 21 Dec 2008 15:40:49 +0000

Charly: It’s a bad number by Chinese standards, but 8.5 percent plus is still an increase, no a contraction.

By: blue 9

blue 9 — Sun, 21 Dec 2008 13:46:25 +0000

“Don’t ever expect to see the money again.”

What’s frightening is the decision to base this on Canada’s proportionate share of the industry, despite the fact our entire economy is much smaller than the United States.

By: charly

charly — Sun, 21 Dec 2008 13:20:13 +0000

Has China only 8,5% growth in the carmarket?

That is a really bad number. It means that they are in reality contracting when you consider that last year they had a growth of 30% IIRC

By: NickR

NickR — Sun, 21 Dec 2008 11:58:06 +0000

I knew our government would fall into line and throw some money down a hole. I wrote to the industry minister and told him to review TTAC before making such an investment. He did write back but it was couched in so much bureaspeak you knew the money was coming.