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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (5642)5/5/2004 3:03:00 PM
From: RealMuLan  Respond to of 116555
 
>>As China’s bubble deflates, this industry has to sell to less wealthy people, but with much more capacity. A major price war is looming, in my view.<<

That is good for Chinese consumers, and the days when (foreign) auto companies make huge profit will be gone soon, if not already.