China's Cars, Accelerating A Global Demand for Fuel
China's Cars, Accelerating A Global Demand for Fuel from the Washington Post.
Key Points:
"People want to have a car that shows off their status in society. No one wants to buy small."
Key Points:
- More Buicks were sold in China than in the US, because of the Buick's historial brand as a luxury car in China going back to Sun Yat Sen.
- Cars are a symbol of wealth, so high mileage is not valued highly. Having a car that allows for a chauffeur and size is.
- Demand for oil is increasing by 20% per year.
- 40% of the increased demand for oil came from China.
"People want to have a car that shows off their status in society. No one wants to buy small."
Labels: china's future
posted by Ray at
10:04 PM
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