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To: GST who wrote (151188)1/1/2003 10:34:18 PM
From: Bill Harmond  Read Replies (3) | Respond to of 164684
 
>>approximately 40 million Chinese can afford a BMW

If 40 million Chinese can afford an $30,000 car, then why is China producing less than 2.5 million and importing less than 150,000 cars and trucks in 2002?



To: GST who wrote (151188)1/1/2003 11:40:54 PM
From: Victor Lazlo  Read Replies (2) | Respond to of 164684
 
<<I spoke with the country manager for BMW -- he says that approximately 40 million Chinese can afford a BMW. >>

And by proporton, the BMW country mgr for the USA would likely say that 180 million Americans can afford a BMW.
I don't doubt that China will soon hit another speedbump similar to 1997-98, and the come-lately mo-mo speculators in Chinese and asian stocks will once again get burned.

How do folks so quickly forget?


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