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: Tommaso who wrote (34176)	7/25/2005 4:32:42 PM
From: RealMuLan	Read Replies (1) of 116555

You are welcome. >>The desire for automobiles must be intense, however.<< Chinese gov. discourages for individuals owning a car, by high registration fee and other types of fees, which is a right move. And even if so, the road is very crowded. In shanghai, a car registration alone is more expensive than an average car. >>And the need for more electric power.<< The bottle neck for electricity will last at least another 3 years. >> But except for automobiles, it looks as if the average Chinese household is catching up rapidly with Western standards.<< Yeah, Chinese, unlike many westerners, are willing to save money from their food in order to buy some durable goods<g>

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