Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (9129)	7/13/2004 9:19:03 AM
From: mishedlo	Read Replies (2) of 116555

China building yachts now nytimes.com Among the carp ponds, duck farms and moldering plywood huts that have long lined the bank of a Pearl River estuary here, a most incongruous newcomer has appeared: a long, towering shed for building very large luxury yachts, a product that has no market in mainland China. ... Increasingly expensive brands of shoes, clothing and furniture are being made in this country, mostly for domestic consumption but sometimes for export. BMW has begun assembling some of its latest models in China for sale here, and Mercedes and Cadillac are preparing to do the same.

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