GMsshowed its Cadillac in Beijing. Auto Sales are growing

Auto sales in China are set to grow by 20% this year: Washington Post,April 22, 2008 page D5:

High, wide and fuel-hungry, the gleaming black Cadillac Escalade on display at the Beijing auto show is an unlikely car for an era of record oil prices.

Altho US sport-utility vehicle sales are tumbling, auto are finding that for China's newly prosperous car buyers, bigger is still better. Demand for the biggest vehicles is even stronger, with sales of luxury cars and SUVs expected to surge by 40 to 45%. Such phenomenon is welcome news for automakers seeing little or no growth in the USA,Europe and Japan. GM says it will start selling a gas-electric hybrid in China in July. It will be the first manufactured in China and the second in the market after Toyota's Prius. "The Chinese consumer is still back on the curve of satisfying their basic need for transportation." said John Parker, Ford Motor's executive VP for Asia. Here is another empirical evidence of positive Sino-American Economics.

Francis Shieh a.k.a. Xie Shihao on Tuesday, April 22, 2008 Earth Day for down-to-earth readers to learn the closer Sino-American Economics for mutual benefits.