A couple of news reports have recently come out crowing about how China's economy just isn't growing much right now. Well I went and looked up China's car sales for the last several years and this is what I found, yes growth is a little slower than it was in the white hot days of the last decade. However the growth rate is still orange hot compared to the Western old line industrial powers.
Passenger car sales in China,
2008 6,76 Million, 1,69 Million per quarter average
2009 10,33 Million, 2,58 Million per quarter average
2010 13.76 Million, 3,44 Million per quarter average
2011 14.47 Million, 3,62 Million per quarter average
2012 15.50 Million, 3,88 Million per quarter average
2013 17.93 Million, 4,48 Million per quarter average
2014 19.71 Million, 4,93 Million per quarter average
2015 5.31 Million, 5,31 Million per quarter average
2015 numbers are for just the first quarter of the year but I challenge anyone to say with a straight face China is no longer interested in expanding their passenger vehicle fleet and competing for world oil supply. The facts are at their average monthly sale rate in the first quarter of 2015 they will have already purchased more passenger cars by April 30 2015 than they bought in the entire calendar year of 2008.
http://www.statista.com/statistics/2337 ... -in-china/