McKinsey Report Says: China To Beat U.S. In High End Cars

They sell a disproportionately large number of cars in India and China. It's certainly a lot more in each of those countries than I'd ever have expected. I assume a lot of them are chauffeur-driven.

ve cannot just listen to predictions or else ve mind as well read your daily hororscope, ask dear abby and psychic madamme cleo. the unpalatable truth to the lo oi , occidentals, foreign devil, le blancs or whatever u name for them middle kingdom is getting bigger fatter by the seconds. which most western countries either wish mk is going to disappear into the giant sink hole or become oblivion. a number of things they did right, as they spend what they can afford and able to hoard $$ or tighten their belt when its needed. If uncle sam's wall street dudes and eu's irresponsible bankers hadn't pull all these good times schemes mk wouldn't be so as strong now. so in a way the lo ois aka occidentals did helped china to achieve stardom in the last few yrs. or look at the couple of middle east wars did to us of a? if ve can go back time atleast lehman's bro should have been saved at all costs, the damage was totally unfathomable, not much different than crysler was being saved 30 some yrs ago.

Blowfish writes: "ve cannot just listen to predictions or else ve mind as well read your daily hororscope, ask dear abby and psychic madamme cleo. the unpalatable truth to the lo oi , occidentals, foreign devil, le blancs or whatever u name for them middle kingdom is getting bigger fatter by the seconds." --- Yeah, no. I have nothing against China's economic rise in general. I think the big concern at the moment is a combination of: A) legitimate fears that the rest-of-the-world slowdowns had more effect on China than previously fully acknowledged; B) fear of China's residential real estate bubble bursting badly; C) fear that other sectors of China's economy overcooked and are bubbling now as well. This is nothing related to "Fear of rise of the east". If Foxconn's rehiring after Chinese New Year is down, there remain hundreds of thousands or millions of empty premium residential units (and whole developments, and regions) around some of China's bigger cities, and so forth, the odds that there's a problem are significant. China's economy and standard of living rising are good things for its people, its national standing, world stability, and the rest of the world (including the US economy). Being afraid of that is a cheap stupid politician move. This is legitimate economic fear of legitimate problems, which would be a net negative to the US, not a positive.

Indeed, and it's not just the "ultra rich", but many long-established luxury goods in general. There is a reason that Rolex is cranking out more watches than ever in its history, and a reason that grape-growers in Champagne are struggling to increase output from already-crowded vineyards, just to cite two examples, and those reasons are that suddenly there are a lot of Chinese folks with money who want much of the same good stuff that their Western counterparts have wanted for a while.

@John Rosevear I just got off the phone with a good friend of mine, a Hong Kong wine importer. He says that the quantities of Champagne imported to China are rather small, and they PALE in comparison with French bubbly being shipped to Japan.