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To: arun gera who wrote (59221)	8/6/2006 12:05:41 PM
From: GST	Read Replies (2) \| Respond to of 306849

The Chinese consumer is real -- there are 172 cities in China with a population over a million people. They all have shopping streets selling all manner of things and the streets are packed with shoppers. There are roughly 100 million middle class Chinese -- and that number is rapidly growing. They have little or no debt and spent the last 20 years saving 45% of what they make. They buy cars for cash and there are thousands of miles of interstate highways being completed every year.Annual car buying is still well below the 15 million number in the US, but it is on track to rival the US before long. I was in Guangzhou a few weeks ago -- if there is a city on earth with more restaurants -- packed restaurants -- then I don't know where it is. It is amazing how well people live if life is measured by time spent eating and socializing over food. Most people in China are poor. But ask yourself this: How many middle class Americans are there and how fast is this segment growing? China leads the way in terms of growth. The softening of US demand, if it ever happens, is hardly the end of the growth of global production and consumption.

To: arun gera who wrote (59221)	8/6/2006 12:06:08 PM
From: Nikole Wollerstein	Respond to of 306849

""I don't see that many in India in absolute numbers. India is selling about a million cars a year at this point. But in terms of impact on commodities, these are equivalent to 250,000 new cars in the US ,because Indians buy cheaper and smaller cars that consume less gas. Americans buy 15 million cars a year."" That is another view on the same numbers” India is selling about a million cars a year at this point." so it is going to be 1.2 mln next year and this car are not 1/4 less than average American car may be 50% less so it is 0.5 mln added this year "Americans buy 15 million cars a year." and my guess 14 mln are junked the same year so only 1 mln added.