Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 232.38

+0.1%

Dec 24 12:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Patricia Trinchero who wrote (151360)	1/6/2003 8:52:15 PM
From: GST	Read Replies (5) of 164684

The number came from the country manager for BMW -- he gave the number in a conversation in which he said BMW considers China their number one growth market. GE see China as their main source of growth. Sony sells more electronics in China than in Japan. 200 million Chinese have mobile phones. Millions of Chinese will buy phones with cameras from Nokia and others this year. MSFT is investing $1 billion in an R&D facility that will be one hundreds of such R&D investments that other mulitnational companies have already made. China is expected to outstrip the US as a destination for foreign direct investment for the first time this year -- at $100 billion. The economy is growing at 8% per year and has been for two decades and probably will continue to do so for another two decades. The point of the BMW number is simply to point up the degree to which China has changed and is changing as we speak. And please recall, I did not say 40 million people are about to buy a BMW, I said that according to BMWs own studies, 40 million Chinese could afford to buy one if they wanted to do so.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next