It used to be said that the 3 essentials for every Chinese household were a Wristwatch, Sewing Machine and Bicycle. Now, they have been supplanted by the Camera, Refrigerator and TV set. Its fair to say that given the increasingly flush Chinese consumer class, a fourth item is being added to the inventory of family essentials -- the Automobile. With over 3 Million autos in Beijing already, the Chinese appetite for this modern luxury is insatiable.
Tuesday, September 1, 2009
Crossroads
It used to be said that the 3 essentials for every Chinese household were a Wristwatch, Sewing Machine and Bicycle. Now, they have been supplanted by the Camera, Refrigerator and TV set. Its fair to say that given the increasingly flush Chinese consumer class, a fourth item is being added to the inventory of family essentials -- the Automobile. With over 3 Million autos in Beijing already, the Chinese appetite for this modern luxury is insatiable.
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