Are you kidding? inner mongolia? that's in the middle of the gobi desert. Who the fuck would go there. You are really getting desperate for negative examples on china arent you? That's like a chinese pointing to the middle of the death valley or camden nj and say look usa sucks! Cover your ears and yell lalala all you want, the fact is china is becoming the next economic superpower. You can either continue to be in self-denial and paste those bullshit examples to make yourself feel better or try to get on the boat and profit from it. Also real estate continue to go up in shanghai, and it's so easy to rent at less than 15 yr return, even if some blackswan and the property values go down, you can still rent out the apts easily in big cities. With world trade expo coming next may and the largest disney theme park in the world scheduled in shanghai, it's only getting better. The same story is true all over the major cities of china. Not to mention the investment will be in yuan not dollars, any moron (except buylowsellhigh) can see the yuan must go up in the next 5-10 years. So that's another added benefit. Hate china, hate commies, be a redneck, but dont let your personal emotions interfere with opportunities to profit. I dont even actively trade anymore, just having a few long term stocks in retirement accounts and some commodities holdings, what's the point when you can use the same money and invest it in china for easier cashflow
yada yada yada. China is the biggest bubble in the history of bubbles. Wait, watch and see where they are in 5 years. More cars are being sold there as gas is subsidized, but the MSM doesn't state the average transaction price for new cars is a shade over 5k.
You are so full of shit, cars in china are much more expensive than us. A made in china camry for example is 200k rmb, about 30k usd compared to 20k stateside. A complete foreign imported car is more than double, for example the german imported mercedes new e series is 600k rmb, about 95k usd compared to 50k here. And chinese like to buy foreign car brands not domestic. It is one of the biggest market for gm/audi and the japanese brands, and one of the few car markets with growth. Gasoline is ~70% of us cost, but consider salary range in china (5-10x less than us), it is much more expensive. And not sure what you are trying to get with this sudden comment on chinese car market. Are you just throwing random shit out there and see what sticks? I am all for different/negative views on china, but you have not a fucking clue what you are saying. bubble? maybe. Even if it is a bubble, it wont pop for a while in my view. One of the main reason supporting this is the lack of debt. Unlike US house of cards, chinese has little to no debt, no matter which angle you look at it. The average families, banks, government etc.. This may change over time, and i see it getting started slowly with credit card getting popular, and the concept of financing cars (which was unheard of a couple years back). But the point is it wont pop for a while even if it is a bubble, so why not profit from it in the meantime.