Home » Economic Tsunami: Chinas Car Industry Will Sweep Away Western Car Makers by Kevin Baker
Economic Tsunami: Chinas Car Industry Will Sweep Away Western Car Makers Kevin  Baker

Economic Tsunami: Chinas Car Industry Will Sweep Away Western Car Makers

Kevin Baker

Published August 1st 2007
ISBN : 9781877058561
Paperback
360 pages
Enter the sum

 About the Book 

Motor vehicle markets around the world are about to get hit by a large influx of cheap new cars and components, whose impact will be as sudden and as forceful as a tsunami. This surge of competition will be a result of the ever-acceleratingMoreMotor vehicle markets around the world are about to get hit by a large influx of cheap new cars and components, whose impact will be as sudden and as forceful as a tsunami. This surge of competition will be a result of the ever-accelerating development of Chinas automotive manufacturers. They have increased output and quality with surprising speed - doubling production around every five years - and in the very near future they will not only be dominant at home but also major players on the international stage. Wages in the Peoples Republic and a fixed exchange rate will hold prices to more than competitive levels.