there are some guys in this forum who are just incorrigibly stupid, and, as we all know, there is no cure for that. take some of the wisdoms of Atabey, as a starting point

1...had Balaguer accepted the offer from the USA for turning the ecoonmy into a maquiladora model for development, the DR would have been well on the way to becoming like the Asian Tigers

2..the prescriptions of Milton Friedman would be WELCOME in the DR,at this time

3...South Korea built its economy on the neoliberal model

4..he agreed with the postulate of Maggie Thatcher, that there is no alternative to neoliberalism

5...he scoffed at the idea that there is a neocolonial component to Charter Cities

6..he devoted an entire thread to the insights of Francis Fukuyama, totally unaware that Fukuyama has since renounced much of what he said in the works cited by the hapless Atabey

7..he stated that the USA was orepared TO PAY FOR THE DOMINICAN DEVALUATION , which would have been necessitated in the maquiladora model..

8...he stood by his assertion that baseball is a more physically demanding sport than soccer, despite the information from a professional strength and fitness coach, that his remarks were rubbish

9..he somehow believes that biometrics will cure the corruption in DR society, unlike those who believe that corruption will cure biometrics, just like the stealth bomber cured radar.

those are just a few howlers from a guy who lied to us, and told us that he has a degree in business. yes, the same guy who could not tell the difference between an econometric regression model, and calculus. he is yet to explain how he could have achieved such a degree, when he can barely count above 5.

there are some guys in this forum who are just incorrigibly stupid, and, as we all know, there is no cure for that. take some of the wisdoms of Atabey, as a starting point

1...had Balaguer accepted the offer from the USA for turning the economy into a maquiladora model for development, the DR would have been well on the way to becoming like the Asian Tigers

2..the prescriptions of Milton Friedman would be WELCOME in the DR,at this time

3...South Korea built its economy on the neoliberal model

4..he agreed with the postulate of Maggie Thatcher, that there is no alternative to neoliberalism

5...he scoffed at the idea that there is a neocolonial component to Charter Cities

6..he devoted an entire thread to the insights of Francis Fukuyama, totally unaware that Fukuyama has since renounced much of what he said in the works cited by the hapless Atabey

7..he stated that the USA was prepared TO PAY FOR THE DOMINICAN DEVALUATION , which would have been necessitated in the maquiladora model..he never bothered to answer my question when i asked him how does one country pay for the devaluation of another..

8...he stood by his assertion that baseball is a more physically demanding sport than soccer, despite the information from a professional strength and fitness coach, that his remarks were rubbish

9..he somehow believes that biometrics will cure the corruption in DR society, unlike those who believe that corruption will cure biometrics, just like the stealth bomber cured radar.

10.. he blathered on about the ability of Chile and Brazil to apply COUNTERCYCLICAL ECONOMICS, but, when asked to define what they were, and how this could be done, he went silent.

those are just a few howlers from a guy who lied to us, and told us that he has a degree in business. yes, the same guy who could not tell the difference between an econometric regression model, and calculus. he is yet to explain how he could have achieved such a degree, when he can barely count above 5. the guy is a mental patient, looking for attention, plain and simple.

I would not be too concerned about China ..I receive online 5 or 6 brokers reports weekly and monthly and none have serious doubts about the continued growth in China,,,They offer no comment about India

Do those 5-6 broker reports all suggest you invest heavily in China through them?

They still are recommending buying stocks that depend on a growing economy in China ,,including the mining companies and insurance comoanies and some banking companies ....again I can not comment on India where as you know there has been an enormous protest against corrupton there that seems to have won over many politicians

lol.

no reputable broker does that but all reputable brokers issue generalised reports as part of their service..I am fortunate enough to be on their mailing lists ..not because I invest with all of them but because I used to have other dealings with them

In Latin America, Chinese cars are gaining buyers
Share

By ADRIANA LEON AND CHRIS KRAUL
Los Angeles Times
Published: Monday, Feb. 13, 2012 - 5:09 am

LIMA, Peru -- At first, Lima taxi driver Mario Segura was disgusted by the thought of buying a Chinese-made car. He had doubts about the vehicles' durability, service and resale value.

But favorable word of mouth, assurances that spare parts are plentiful and, of course, unbelievably low prices won him over.

"Little by little, I heard favorable comments," said Segura, speaking in a Chery showroom in the Surquillo district. He had just plunked down $12,000 in cash for a new Fullwin XR sedan, half the cost, he said, of a comparable Fiat or Renault. "It took a long time to decide, but I'm risking it."

So is Luis Luna, a doctor just back in Lima after working for several years in Argentina. He had planned on buying a secondhand Japanese car. Until, that is, he noticed billboards touting low-price Chinese brands and listened as his relatives insisted that he kick tires at a JAC dealership, one of dozens of Chinese brands sold here.

"We realized for the same money that we'd pay for a crummy secondhand car that inspired no confidence, we could have a brand-new Chinese car with a two-year warranty," Luna said as he finished paperwork on his new $16,000 JAC B-Cross family wagon. "I'm totally convinced this is the right decision."

Similar buyer testimonials can be heard across Latin America these days, where Chinese cars with unfamiliar brand names like Great Wall, JAC, Brilliance and Sinotruk are selling like hot cakes. Chinese cars were introduced in Peru in 2006 and now one in six new cars sold here is a Chinese make.

There are no fewer than 90 Chinese car manufacturers to choose from, according to the trade group Automobile Association of Peru. The Chinese auto industry has yet to undergo the winnowing process that, over a century of competition, has reduced the U.S. car industry to three big players.

The Chinese brands' main selling point is, of course, price: New Chinese cars typically sell for half to two-thirds the cost of a comparable European, U.S. or Japanese vehicle, said Guido Vildozo, an auto industry expert with consultants IHS Automotive in Lexington, Mass.

"What makes Chinese cars so much cheaper? Start with labor," Vildozo said, noting that a typical Chinese autoworker makes $300 to $400 a month, a fraction of the $2,000 to $3,000 in wages that Mexican workers make or the $5,000 to $7,000 a month that U.S. auto workers average.

Another price advantage, said Jian Sun, a partner with AT Kearney business consultants in Shanghai, stems from the "reverse engineering," or design and mechanical imitation, that many Chinese carmakers use in competing models to save them the expense of designing new models from scratch.

Chinese manufacturers are entering the market as Latin American incomes are rising to unprecedented levels, flush from the decade-long global commodities boom filtering down to an expanding consumer class.

Augusto de la Torre, chief Latin America economist at the World Bank, said the region's middle class now encompasses 30 percent of its population of 570 million, up from 20 percent in 2002.

In Colombia, where the economy is thriving on global sales of its oil, coal, coffee and bananas, the increase in disposable income is especially dramatic. Bank of Bogota economist Camilo Perez said economic output per capita has nearly doubled in five years, to $6,700 last year from the $3,400 average in 2006.

So it comes as no surprise that car sales are accelerating. New units sold last year in Colombia totaled 325,000, a 28 percent increase from 2010. New car sales in Peru totaled more than 100,000 last year, up 26 percent from the previous year.

According to Scotiabank, Brazil's car sales will grow to 2.8 million in 2012, up 4 percent from last year, but in a much larger population base than those of its neighbors.

The expanding new-car market is what attracted Chinese automakers, who see Latin America as a proving ground for its plan to conquer the world car market in coming decades. According to AT Kearney, China exported 800,000 cars last year but hopes to boost that number to 2 million by 2015 and to 3 million by 2020.

The Latin focus is also explained, AT Kearney's Jian said, by the fact that Chinese manufacturers are not yet prepared to tackle the U.S. and European markets, which are more demanding in quality and emissions standards. The competition is less intense and the regulatory restrictions are lower in emerging markets, he said. China and these regions share similar road conditions, emission controls and safety standards.
(The domestic Chinese car market, where sales last year totaled about 18 million vehicles, is the largest in the world, far surpassing that of the United States, where about 12.8 million new cars and trucks were sold in 2011.)

Many buyers, like Antonio Benevides, a 26-year-old theme park worker in Bogota, are first-time owners. In early December, he bought a new Chery QQ model for $9,000, two-thirds the cost of a comparable Renault he had considered.

"That difference in price is what put a new car within my reach for the first time," Benevides said as he drove his car off the dealership lot near Bogota's international airport. "I've heard they hold together well, that they are cheap to operate and, as you can see, they are not bad looking."

(Leon and Kraul are special correspondents; Kraul reported from Bogota, Colombia.)

U.S. lawmakers to press Obama on China auto parts
Reuters By Doug Palmer | Reuters – Tue, Jan 31, 2012

WASHINGTON (Reuters) - Midwestern lawmakers and groups from the U.S. auto parts sector plan on Tuesday to urge President Barack Obama to take action to restrict imports of auto parts from China, a U.S. industry official said.

"I think all of us will be urging the administration to initiate a case or multiple cases," Scott Paul, president of the Alliance for American Manufacturing, which is holding a press conference on Tuesday with U.S. Senator Sherrod Brown and other lawmakers.

The event comes one week after Obama said his administration was launching a new initiative to crack down on unfair foreign trade practices in China and other countries around the world.

Obama, who has been criticized by some Republican presidential candidates for not being tough enough on Beijing, will host China's Vice President Xi Jinping, on February 14 at the White House. Xi is expected to become China's next leader.

Beijing angered Washington in December with a decision to impose punitive duties of up to 22 percent on large cars and SUVs from the United States, a move that many saw as retaliation for earlier U.S. moves to restrict imports of Chinese goods ranging from tires to poultry.

The Obama administration is considering whether to slap anti-dumping and countervailing duties on solar panels and wind energy towers from China in response to U.S. industry allegations of unfair trading practices.

Paul said U.S. groups and lawmakers will present data on Tuesday showing that U.S. auto parts imports from China "have surged by almost 900 percent since 2001," due in part to massive Chinese government subsidies.

"This begs for a trade action," Paul said, adding that it could include both a case at the World Trade Organization and a U.S. Commerce Department investigation leading to anti-dumping and countervailing duties on Chinese auto parts.

The studies will show how Chinese imports have contributed to a loss of more than 400,000 in the U.S. auto supply chain since 2000 and have put another 1.6 million jobs at risk, another source familiar with the material said.

(Reporting by Doug Palmer; Editing by Neil Stempleman and Paul Simao)


http://news.yahoo.com/u-lawmakers-press-obama-china-auto-parts-152422738.html

The Chinese brands' main selling point is, of course, price:

New Chinese cars typically sell for half to two-thirds the cost of a comparable European, U.S. or Japanese vehicle, said Guido Vildozo, an auto industry expert with consultants IHS Automotive in Lexington, Mass.



"What makes Chinese cars so much cheaper?

Start with labor," Vildozo said, noting that a typical Chinese autoworker makes $300 to $400 a month, a fraction of the $2,000 to $3,000 in wages that Mexican workers make or the $5,000 to $7,000 a month that U.S. auto workers average.

Why so much interest in the Latin American Market?

The expanding new-car market is what attracted Chinese automakers, who see Latin America as a proving ground for its plan to conquer the world car market in coming decades. According to AT Kearney, China exported 800,000 cars last year but hopes to boost that number to 2 million by 2015 and to 3 million by 2020.

The Latin focus is also explained, AT Kearney's Jian said, by the fact that Chinese manufacturers are not yet prepared to tackle the U.S. and European markets, which are more demanding in quality and emissions standards. The competition is less intense and the regulatory restrictions are lower in emerging markets, he said. China and these regions share similar road conditions, emission controls and safety standards.

(The domestic Chinese car market, where sales last year totaled about 18 million vehicles, is the largest in the world, far surpassing that of the United States, where about 12.8 million new cars and trucks were sold in 2011.)

And when India gets into the picture in real terms, watch out for those remaining manufacturing jobs in the West. Labor cost that are 5% of those paid in the West are simply too competitive for the West. Even too competitive (~10%) for so-called middle income nations in Latin America