Posted on 01/11/2010 9:07:01 AM PST by wrrock
To the astonishment of industry analysts, tax cuts have spurred dramatic economic activity in for China’s car market. These tax cuts, initiated at the beginning of the year, help propel China to the number one spot for cars sold. Contrary, during this crucial time period, the U.S. as been scrambling to bail GM and Chysler out by propping up the balance sheets of the auto giants, and as TIME Magazine pointed out in Early March: “China took a different route: it’s trying to get consumers to buy more cars through a sales tax break and targeted subsidies for rural buyers.” Read More...
(Excerpt) Read more at cardealerreviews.org ...
“Tax Cuts Responsible for China’s Auto Market Rise”
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What A Concept, huh!!!!!
I wonder if a time will come when it’ll be evident that China and America are going in opposite directions. It’s not that evident now but evidence suggests it.
Only astonishing to statists and central planners.
It finally happened. The U.S. now has a more socialistic economy than The People’s Republic of China.
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