New China Trader

While the Rest of the World is Stuck in Reverse, the China Auto Market Zooms Ahead

By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report BEIJING, The People's Republic of China - At a time when global auto sales are experiencing their biggest declines in Continue Reading

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From New China Trader:

 China's economy continues to accelerate


While the rest of the world struggles to free itself from the tar-pits of the current crisis…Chinese manufacturing is growing… even in the face of reduced global demand:

  • Industrial output growth has risen to 9.5% in June 2009 – the fastest rise in nine months


  • Internal demand, a measure to track key infrastructure and economic development milestones, is up 34% from a year ago… led by factories and road expansion. This is the fastest pace shown in five years


  • Chinese retail sales up 15.3% year over year


  • Chinese auto sales rose 36.5% in June 2009 alone… and are up a staggering 17.7% during the first half of 2009. That's 6.1 million vehicles in the first six months… supplanting the United States as the world's largest auto market. Sales could easily surpass 12 million this year


  • At the current rate of expansion, China should easily over-take the US as the largest economy in the world in less than ten years


  • And an even shorter period of time before the total market cap of China's stock markets eclipse the companies listed on the US stock exchanges.
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