OK, the post title is a tad melodramatic. However, two related newsish items found their way into my Inbox at the same time. Both were disturbing.

First was a straightforward news item from the FT on June car sale numbers, up 48.5% from last year. Yeah! A nice boost to GDP, more indications that domestic consumption is firming up, and the government's tax breaks and subsidies for autos seem to be working.

Everybody happy? Not exactly.

(…)
Read the rest of China's Faustian Bargain With the Auto Industry

© Stan for China Hearsay, 2009. |
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