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Beijing Auto Crackdown
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Author Beijing Auto Crackdown
rffrydr
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Joined: 30 Oct 2005
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PostPosted: Mon Dec 27, 2010 7:48 am    Post subject: Beijing Auto Crackdown Reply with quote
Only so much infrastructure; only so much space (GM's "Puma Project" may come into play sooner than later):

http://news.xinhuanet.com/english2010/china/2010-12/23/c_13661672.htm

Cutting sales 2/3 after fear of same boosted them. As the primary place for the car in the chinese bourgeois is the garage maybe this is less a fear for autos than today's selloff would indicate. Cars off more than miners on rate hike.
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