Monday, November 23, 2015

Chinese Carmakers Run Out of Road

Bloomberg: "Roads can accommodate only a certain number of cars before they hit constant gridlock. Beijing's post-2008 stimulus program hasn't helped road building keep pace with the explosion in car registrations. Even at lower rates of growth, demand will probably continue to outstrip capacity. China had just 58 cars per 1,000 people in 2010 versus 797 in the U.S. -- and it already has a bigger middle class, according to Credit Suisse. "

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