China’s Auto Sector: Slowing, But Still Attractive

The key in China will be the rapid growth of the country’s middle class. In a recent research finding, Credit Suisse predicted that the household wealth in China will double to $35.0 trillion by around 2015 based on achieving sustainable GDP growth at or near the current growth rate. The economic analysis is simple. The extra Renminbi means more cash to spend on non-essential goods and services....