To: SeekAndFind
Right. During a world wide recession, in a country operated, partially at least, by slave labor, you prop up the used car market by diminishing the supply and destroying value. Brilliant. See how dazzling the results are in the United States?
2 posted on
06/08/2011 6:59:28 AM PDT by
yldstrk
(My heroes have always been cowboys)
To: SeekAndFind
Hey, maybe they’ll go broke, too!
To: SeekAndFind
This is normal for commies.
4 posted on
06/08/2011 7:07:59 AM PDT by
winodog
To: SeekAndFind
for every yuan they use to subsidize purchase, theres less yuan to buy USD
5 posted on
06/08/2011 7:12:54 AM PDT by
4rcane
To: SeekAndFind
The irony is light years beyond delicious; now the Chinese are taking lessons in communism from the President of the United States!
Live long enough, see everything...
To: SeekAndFind
I would have expected the Chinese to be more efficient than going for used cars.
They could have the government buy new cars right from the dealers and send them straight away to the scrap yards.
Eliminate the middle man so to speak. The dealers sales would go up meaning more jobs and taxes to buy more cars and the scrap yards would be full and busy.
A few new cars could be let onto the consumer market but being few their value would rise along with every used car.
Automobile owners would be wealthier, jobs increase, everyone wins! Yipeeeeee!!!!
7 posted on
06/08/2011 7:14:37 AM PDT by
count-your-change
(You don't have be brilliant, not being stupid is enough.)
To: SeekAndFind
Cash for Clunkers? Here's two I'd like to turn in.
8 posted on
06/08/2011 7:24:39 AM PDT by
Iron Munro
(The purpose of fighting is to win. There is no possible victory in defense. -- John Steinbeck)
To: SeekAndFind
I work for a German company and a bunch of my co-workers told me they had cash for clunkers in Germany several years before we did it the first time.
9 posted on
06/08/2011 7:25:44 AM PDT by
Mathews
(Ambition, absent a moral compass, is naked destruction.)
To: SeekAndFind
The Chinese goevrnment has been screwing around with automobile taxes, fees, licnesing and the like for 3 years.
Across the board tax cuts, targeted tax cuts, changes in the licnesing fees, etc, all to spur demand.
THis year they returned to the old higher tax rate for auto purchases and sales dropped immediately.
http://www.businessinsider.com/china-auto-sales-february-2011-3
To: SeekAndFind
I just hope that GM and Ford are positioned in China to reap as much of that money as possible. It’d be nice to see at least some of the money we send to China finally coming back *TO* us.
12 posted on
06/08/2011 7:30:12 AM PDT by
gogogodzilla
(Live free or die!)
To: SeekAndFind
They must need more steel to build shipe?.
13 posted on
06/08/2011 8:17:08 AM PDT by
Vaduz
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