Tag Archives: cars

Prof. Edward C. Prescott On China

Edward C. Prescott, the Economics Chair at the W.P. Carey School of Business at Arizona State University, knows a thing or two about macroeconomics. In addition to his work at ASU, Prof. Prescott is a senior monetary advisor at the Minneapolis Federal Reserve Bank and was awarded the Nobel Prize in economic sciences in 2004. […]

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The Coming Auto Wars

As discussed in our recent recap of the Global Auto Forum 2010, one of the consensus views expressed at the GAF was that China will have substantial excess capacity in autos by 2015, and the resulting pressure to export vehicles may lead to significant trade tensions with countries that have large automotive industries (read the […]

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Global Auto Forum 2010

The team at JFP Holdings had the honor of working with Wang Xia, Chairman of the Automotive Committee of the China Council for the Promotion of Trade, over the past year to organize the inaugural Global Auto Forum (“GAF”), which was held in the city of Chengdu in the People’s Republic of China last Thursday […]

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Central Planning Versus Market Capitalism

As the dawn of the new century, a new technology promised to fundamentally change global economics. Government leaders in the United States and China, the two largest economies in the world, believed that companies from their respective countries should lead in the development of this new technology. By 2010, two national champions, one from each […]

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The Rise of Local Competition in China

While researching China’s wind turbine market, Liam Denning, who writes for the Wall Street Journal’s Heard on the Street column, noticed that Chinese companies have been gaining market share at the expense of their foreign counterparts. According to Denning’s findings, foreign companies’ share of the wind turbines sold in China dropped to 13 percent in […]

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Driving in China

If you’ve traveled to China, or spoken to someone who has, you have undoubtedly heard the jokes about Chinese drivers. Noting that red lights and double yellow lines are “merely suggestions” are two of the most popular China driving jokes, but there are many, many more. I won’t bore you by repeating them here. However, […]

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Winners and Losers in China’s Passenger Car Market

President John F. Kennedy is credited with coining the phrase that “a rising tide lifts all boats.” With sales up by 45 percent during the first seven months of 2010, there are no losers in China’s passenger car market — at least not yet. This year’s growth is due to an economy that is still […]

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China’s Heavy Duty Truck Market

Passenger cars are a hot item in China these days. With car sales up by 45 percent through July, it seems that everyone in China is buying a car this year. It’s no wonder then that more than 800,000 people visited the Beijing auto show during the last week in April, making it the best-attended […]

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Auto Sales as a Key Economic Indicator

In countries like the United States, trends in auto sales tend to tell a great deal about where the economy is headed. As large-ticket purchases, car sales are dependent upon consumer confidence. If consumers are not optimistic, they will hold off on spending such large amounts of money. If they are confident regarding their jobs […]

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Speeding Ahead: China’s Auto Industry

Since our last post, the video for the panel discussion, Speeding Ahead: China’s Auto Industry, held at the JP Morgan China Conference 2010, has become available. I had the opportunity to participate on this panel with Michael Dunne, President of Dunne & Co. and Dr. Enki Tan, Executive Chairman of GITI Tire. The video runs […]

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