Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.

SUVs still roaring up China's sales charts

Although demand for SUVs is slumping in most parts of the world, it remains strong in China. Sales rose by 40 per cent in the first four months of the year - more than double the growth rate for the passenger car market as a whole. Car imports have also nearly doubled. Many of these are large luxury cars.

"As a boy, I always dreamt of owning a big car," says Zhou Qiang, a real-estate executive in Beijing who bought a Hummer H1 at an auction two years ago and who is not worried about its oil-thirsty image. "There are plenty of other sources of pollution than cars, and life is short so we should enjoy ourselves anyway."

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Wed Jun 18th, 2008 at 08:39:47 AM EST
It's the 1980's all over again, only this time in China!

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
by Carrie (migeru at eurotrib dot com) on Wed Jun 18th, 2008 at 08:47:11 AM EST
[ Parent ]
To Get Rich is Glorious. The title was used by Orville Schell for a book in the early '80s about post-Mao de-collectivization and modernization. Now it looks as if every columnist and magazine is copying the same title to natter on about China in the '00s.

If you can find a copy of Schell's book, it's worth reading for context of what's happening now.

by Mnemosyne on Wed Jun 18th, 2008 at 08:02:25 PM EST
[ Parent ]

"To get rich is glorious." -- Deng Xiaoping.

That quote, along with some directives allowing private enterprises, sorta kicked off the whole scene in China.  It was not Mao's Communist Party anymore.

Perhaps Hummers could be recycled to civilians in oil producing countries, such as Saudi Arabia, The Emirates and Yemen.  They could at least afford to drive them.  Wouldn't help the ozone layer though.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Jun 22nd, 2008 at 12:20:08 AM EST
[ Parent ]
Sadly, they've learned from our lessons ... to make the same (disastrous) societal mistakes?

Blogging regularly at Get Energy Smart. NOW!!!
by a siegel (siegeadATgmailIGNORETHISdotPLEASEcom) on Wed Jun 18th, 2008 at 08:52:43 AM EST
[ Parent ]


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