[SeaGypsy]

"China has widened its lead over the U.S. as the world's top auto market, with September sales shooting up by 78 percent, spurred by government calibrated tax cuts and increasing wealth of ordinary Chinese households.

Sales totaled 1.33 million vehicles last month, with passenger cars climbing 84 percent, the China Association of Automobile Manufacturers reported. It was the seventh month that China's auto sales surpassed 1.1 million vehicles.

Sales in smaller cities have been booming as automakers rush to woo first-time car buyers. Those trends have global automakers looking to the world's most populous nation to drive revenues as demand in other markets remains sluggish.

China now leads the world in auto sales, with 9.66 million vehicles selling over the first nine months of the year, up 34 percent from the same period last year. The U.S. ranks second, with January-September sales at about 7.8 million cars and light trucks, according to Autodata Corp."

http://english.peopledaily.com.cn/90001 ... 82881.html

All running on OIL.

[watercut]

As Ross Perot would say I hear "another" big sucking sound. The first one was our jobs and now our oil and other natural resources. This is not going to turn out well folks!! I hope you are prepared.

[Leanan]

China's stats are very dicey. They count their products as a "sale" when they leave the factory, not when they are actually sold. (They are also offering financial incentives to buy cars, just as the US did.)

Curiously, even though "sales" are up, gasoline consumption is down 8% over last year. Funny, huh?

[SeaGypsy]

Ahhh soooo!
The brilliant thing about Asia is that it's even more full of crap than the west! people here will ride a pushbike 10 miles to work on a rice farm while sharing a grass shack with 10 relatives who have a flash car parked out front. If they can afford to drive it once a week the status gained is worth every yuan/ peso/ ringgit/ rupiah/ baht/ or dollar. The car is an icon in Asia not a necessity the way it is seen in the west.

[WildRose]

$this->bbcode_second_pass_quote('SeaGypsy', 'T')he car is an icon in Asia not a necessity the way it is seen in the west.

[crude_intentions]

Savings + Production = Prosperity

Of course nothing changes the fact that all those cars are going to go flying off hubbert's curve in the end.

[Arthur75]

What is a bit sadening about China is that they had the opportunity of leapfrogging many mistakes like the car for everybody concept, but they end up with 7 freeway rings around Beijing, bikes forbidden on some road where they were the majority, 150 airports in construction or something (or planned)
They do also build a lot rail lines for instance, but still ...

[Arthur75]

dup

[WildRose]

$this->bbcode_second_pass_quote('crude_intentions', 'S')avings + Production = Prosperity

Of course nothing changes the fact that all those cars are going to go flying off hubbert's curve in the end.

[heroineworshipper]

Yeah but can they get 0% government funded loans like US or do they have to pay in cash?

[americandream]

The thing to remember in all of this is the spread of American style consumerism to the planet's outstanding 5 billion. I distinguish between European lite capitalism and more aggressive British/American version. I believe the latter will prevail and dominate the planet for being more creative, accounting wise. Anyway, if you're doomerish now, wait till you see whats in store for this planet.

[Daniel_Plainview]

$this->bbcode_second_pass_quote('watercut', 'T')his is not going to turn out well folks!!

[americandream]

Who says they haven't already as have all the world who are only held back because they can't have it (just yet), or don't quite know how to get it (for the moment). America is what happens when greed runs wild on virgin territory. Then its turned into a business and outsourced and is nicely bedding in, thank you.

$this->bbcode_second_pass_quote('DoomWarrior', '')$this->bbcode_second_pass_quote('watercut', 'T')his is not going to turn out well folks!!

[americandream]

They've only just abandoned the bike! 30 years ago, Beijing was notorious for its bike jams. Google it.

$this->bbcode_second_pass_quote('WildRose', '')$this->bbcode_second_pass_quote('crude_intentions', 'S')avings + Production = Prosperity

Of course nothing changes the fact that all those cars are going to go flying off hubbert's curve in the end.

[mattduke]

Once the multi-decade past-peak US' oil consumption comes to a grinding halt after the dollar crash, China will be able to increase it's oil consumption for many years, even despite the fact that global output will fall.

[americandream]

Not going to happen. Factory China cannot survive without financial alchemist America and Britain to a lesser extent. The G20 will move these two anglo-saxon nerve centres of financial wizardry deeper into a financial services economy with manufacturing and outsourceable fringe services continuing their drift East. Guaranteed.

Doom is not about to happen - yet, not for a few decades at least. Oh, that other new bubble in the blowing - cleantech. Keep an eye on that one. Loads of service and manufacturing opportunities in there.

$this->bbcode_second_pass_quote('mattduke', 'O')nce the multi-decade past-peak US' oil consumption comes to a grinding halt after the dollar crash, China will be able to increase it's oil consumption for many years, even despite the fact that global output will fall.

[SeaGypsy]

Oil went up $5 this week. I think that's right off the back of stories like this coming out of China. The next big price strike could come way before the USA is ready to cope with it.

[americandream]

The rich in China, the West and the rest of the world will enjoy the luxury of expensive motoring for a while to come. The rest of us will be relegated to less energy demanding modes of mobility (bus, train, small two-seaters, concept cars, bikes, legs) at some point soon (it's good for the environment) and so on and so forth.

This is less about America these days and more about those with the wherewithal maintaining their standard of living. Detroit was deliberately taken out. The next in line are the Euros and Japs (other than top end motoring) as the manufacture of low end small cars (cars for the masses) moves East to China and India (Chinese and Indian subsidiaries of Western auto manufacturers, joint ventures, etc.)

Envision a time when Americas are either in financial services, self employed, retail, tourism or slavery with a few home industries thrown in such as prostitution and crime.

$this->bbcode_second_pass_quote('SeaGypsy', 'O')il went up $5 this week. I think that's right off the back of stories like this coming out of China. The next big price strike could come way before the USA is ready to cope with it.

[SeaGypsy]

$this->bbcode_second_pass_quote('americandream', 'N')ot going to happen. Factory China cannot survive without financial alchemist America and Britain to a lesser extent. The G20 will move these two anglo-saxon nerve centres of financial wizardry deeper into a financial services economy with manufacturing and outsourceable fringe services continuing their drift East. Guaranteed.

Doom is not about to happen - yet, not for a few decades at least. Oh, that other new bubble in the blowing - cleantech. Keep an eye on that one. Loads of service and manufacturing opportunities in there.

$this->bbcode_second_pass_quote('mattduke', 'O')nce the multi-decade past-peak US' oil consumption comes to a grinding halt after the dollar crash, China will be able to increase it's oil consumption for many years, even despite the fact that global output will fall.

[americandream]

This has nothing to do with nationalism. How should I explain it. The capitalist system as we know it has its origins in Britain. It advantageously adapted to the American colony as a consequence of America's historical and cultural roots. In other words, America had an advantage in assimilating British capitalism simply because of its of its cultural connection with Britain. This tie remains to this day despite America's so called republican constitution.

In contrast, in modernising, China is adopting a foreign cultural paradigm, Britain's and America's. Not Germany's, not France's, but Britain's specifically, and by association its child, America. China in other words has to acquire not merely Britains industrial prowess but its financial ability to be an equal competitor.

No other non-anglo nation has quite made this transition hence the tensions in Europe between the Franco-German bloc and Britain/US. The former lacks the vigour of the latter for the simple reason that its development is primarily industrial and lacks the vigour of anglo-saxon commercialism. It resents Anglo-American full spectrum dominance of capitalism I often chuckle when I hear grand notions of the likes of the Iranians, or Chinese or Russians supplanting the America/Britain domination of global capital. They wouldn't know what to do with it were it handed to them on a plate.

$this->bbcode_second_pass_quote('SeaGypsy', '')$this->bbcode_second_pass_quote('americandream', 'N')ot going to happen. Factory China cannot survive without financial alchemist America and Britain to a lesser extent. The G20 will move these two anglo-saxon nerve centres of financial wizardry deeper into a financial services economy with manufacturing and outsourceable fringe services continuing their drift East. Guaranteed.

Doom is not about to happen - yet, not for a few decades at least. Oh, that other new bubble in the blowing - cleantech. Keep an eye on that one. Loads of service and manufacturing opportunities in there.

$this->bbcode_second_pass_quote('mattduke', 'O')nce the multi-decade past-peak US' oil consumption comes to a grinding halt after the dollar crash, China will be able to increase it's oil consumption for many years, even despite the fact that global output will fall.