Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Cars in China

by Tony Sagami on July 30, 2008

in Asian Market, Stock Market in China

Thanks to Sean Brodrick for this factoid.

Fifteen years ago, there were almost no private cars in the country. China now has 15.2 million private cars. Still, less than 4% of the country’s 1.3 billionpeople have already bought a car. That’s the same percentage of car ownership the U.S. had in 1915!

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