Thank you for visiting my blog. I post things I think will be of interest to high school students and teachers of economics. Please leave a comment if what you find here has been useful to you. THANK YOU!
Sunday, February 16, 2014
In 2012 China bought as many new cars as the US, Germany and Japan COMBINED. Surprised?
Quite astounding. Since 2005 the sale of passenger cars (excludes SUVs'/Trucks) in the US, Germany and Japan have been level and/or declining. Look at China starting in 2008.
In 2012 China bought as many new cars as the US, Germany and Japan COMBINED (my eyeball estimate).
They need gasoline, spare parts, tires, etc. The center of economic gravity is moving East, my friends.