China is world’s biggest car market

By Incorrect Author 10 November 2009

If you need more proof of China’s newfound global supremacy, digest this: China's October vehicle sales clocked 1.2 million units, 72% up from October last year and dwarfing the US’s 838,000 sales. China’s total sales this year stand at 10.9 million vehicles, compared with 8.6 million in the US, making 2009 the first year the US hasn’t dominated world’s sales charts. VW and GM are doing exceptionally well there, with GM alone expecting to sell 1.5 million units this year. Not only are the Chinese buying more, they are also producing more, with BYD attracting Warren Buffet’s money and Geely using Goldman Sachs money to pursue Volvo. Read more: BusinessWeek

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Analysis

Fudging, obfuscation and misdirection hobble the route to the nitty-gritty of expropriation

By Marianne Merten

"Joyfully to the breeze royal Odysseus spread his sail and with his rudder skillfully he steered." ~ Homer

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