it's funny that you should ping me to this because the other day I was sitting in the C-Straits caffe and I was talking with a local gentleman about the number of cars in China and the fact that I have yet to see a junkyard anywhere for retired vehicles. However, he was quick to point out that the Chinese people have not been able to own their own cars for as long as Americans have and therefore the government has been able to adequately deal with the number of retired vehicles generated through offical usage. As it is now, people are not accustomed to the maintenance that usually goes with owning a personal vehicle and without an adequate infrastructure to support the service needed, there will be more junked vehicles to deal with in 10 years than they will probably be able to handle.
Not sure if I agree with him, but it certainly makes good sense.
"the fact that I have yet to see a junkyard anywhere for retired vehicles."
Our junkyards are being emptied to build these Chinese cars. Don't know what the price of scrap is right now, but much of it is going east.