China - For the first time, Chinese will buy more cars this year than Americans. Demand is so high that drivers put their names on long waiting lists for the most popular models.
“I’m disappointed, but what can I do?” asked Zhang Ge Lu, a 28-year-old interior designer. He came recently with two friends to a row of dealerships here in southeastern China to buy a black Toyota RAV4, only to be told that he would have to wait two months for delivery.
And it is not just cars. For more and more consumer goods, China is surpassing the United States as the world’s biggest market — from cars to refrigerators to washing machines, even desktop computers.
The Chinese market is “on full tilt — booming is an understatement these days,” said John Bonnell, the director of Asia vehicle forecasting at J.D. Power & Associates.
China is pulling ahead at this particular moment partly because Americans, debt-laden and worried about their jobs, are pulling back. After decades of gorging on consumption, Americans are saving. And the Chinese, whom economists thought were addicted to saving, are spending more. -For complete story see NY Times
This Christmas buy American made products. We already support the Arab’s by buying their oil. Course, we don’t have much of a choice since they pretty much monopolize the market. But when it comes to gifts under the tree, we do have a choice. By buying American made products we not only support our own people, but we also help our own economy … not the Chinese. Yeah, buying American made products we may have to spend a bit more, but so what? If it means one less gift so be it! After all, Christmas isn’t all about the gift under that tree. So this Christmas, shop smart ... shop American.
“I’m disappointed, but what can I do?” asked Zhang Ge Lu, a 28-year-old interior designer. He came recently with two friends to a row of dealerships here in southeastern China to buy a black Toyota RAV4, only to be told that he would have to wait two months for delivery.
And it is not just cars. For more and more consumer goods, China is surpassing the United States as the world’s biggest market — from cars to refrigerators to washing machines, even desktop computers.
The Chinese market is “on full tilt — booming is an understatement these days,” said John Bonnell, the director of Asia vehicle forecasting at J.D. Power & Associates.
China is pulling ahead at this particular moment partly because Americans, debt-laden and worried about their jobs, are pulling back. After decades of gorging on consumption, Americans are saving. And the Chinese, whom economists thought were addicted to saving, are spending more. -For complete story see NY Times
This Christmas buy American made products. We already support the Arab’s by buying their oil. Course, we don’t have much of a choice since they pretty much monopolize the market. But when it comes to gifts under the tree, we do have a choice. By buying American made products we not only support our own people, but we also help our own economy … not the Chinese. Yeah, buying American made products we may have to spend a bit more, but so what? If it means one less gift so be it! After all, Christmas isn’t all about the gift under that tree. So this Christmas, shop smart ... shop American.
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