Sorry commander but this is a puff piece;
Every time someone drives less in this country to save gasoline, someone in China will buy a car and take over the driving. They wont be buying gas hog SUV's, they dont drive during the week as we do and they dont go as far when they do. the relationships are no where near 1 to 1 as this posts suggests.
They have the money and a stronger currency. 10 million new cars will be sold in China this year.
? strong currency has nothing to do with it.
"Auto sales are expected to exceed 10 million units this year, which would represent a full year sales growth of 14%,” Xinuha reported, citing China’s automobile manufacturers association."
Starting from so low a base line, this rate of growth is not very impressive.And post acquisition driving habits are so different, as to not even be meaningful.
Most Important Oil News This Past Week has Gone Unreported in U.S. (China Car Sales Up 17.4%)
As has the demand decline in US gone unreported in the US, the transportation department stats on driving miles are not published with any frequency, so the data used to spin the bubble up, are absent counterbalancing information. This disconnect, accounts for the lag needed by mouthpieces, to keep the largess in motion.
rationalizations abound, we both know that, bottom line the picture isnt static, and the dissimilarities in pattern behaviors dont correlate. |
