The only thing i can’t figure is why China, with its (relatively) soaring economy, needs stimulus….

By Daniel at 9 November, 2009, 9:45 pm

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Oh, RIGHT — they’re communists. Makes you think, doesn’t it???

http://finance.yahoo.com/news/China-October-auto-sales-up-apf-514815824.html?x=0&.v=3

“Powered by tax cuts and stimulus spending, China’s October auto sales soared 72 percent from a year earlier, outpacing U.S. sales for another month, according to data reported Monday.

China’s biggest auto makers are GM and Germany’s Volkswagen AG but ambitious Chinese automakers such as Geely Automobile Co., Chery Automobile Co. and BYD Co. have taken significant market shares.

Chinese exports are rising but no domestic producer has managed to meet U.S. safety standards. Most Chinese exports go to other developing markets in the Middle East, Latin America and Africa.”