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Strategies & Market Trends : Greater China Stocks

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To: Julius Wong who wrote (1267)	11/4/2003 10:32:31 PM
From: cmgibubba	of 8334

Interesting site Received this in my email, cut & paste from somewhere. www.autonews.com You have to subscribe to read the news but their is a lot of Asian news in it. One story this week: The last issue of AUTOMOTIVE NEWS (a car dealer news paper) had a cover story about US auto makers have sunk 12 BILLION with a "B" US Dollars into Red China to build auto plants. These will be state of the art facilities. the story also includes a pie-chart of market share and a list of the major players. Most are holding companies with various subsidiaries, each of which has 42% to 50% "ownership" by FORD, General Motors, Dymler-Chrysler, Toyota, etc etc (if there IS such a thing as "ownership" in a communist country with assetts on land owned by the state) BEIJING AUTO GROUP CHANG'AN AUTO GROUP FIRST AUTO WORKS JINBEI AUTO GROUP SHANGHAI AUTOMOTIVE INDUSTRY GROUP GEELY AUTOMOTIVE GUANGZHOU HONDA AUTOMOTIVE ZHENGZHOU NISSAN AUTOMOTIVE CO.

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