I saw a news documentary recently about how entrenched walmart has
become in Chinese society. I couldn't believe it, same line, same
crowds, same stuff but the customers were chinese. They had money in
their hands and they were laying it down at Chinese walmarts. We are
building them like crazy over there, hence their "favored trading
partner" status while other torturing, politically repressive
undemocratic societies are known as "the axis of evil." Some, has you
might have noticed, have been attacked and invaded for their
undemocratic ways. But not our Chinese friends.

We look at it like the Chinese want to become a major economy. They
look at it like they want to regain their status. In the early and mid
1800s, China was the greatest economy on earth.

But you're right about the cars. Their gasoline and diesel, by and
large, goes to agriculture and industry. Ours, as I have said many
times, goes to frivolous overconsumption and is a drag on our economy
rather than a pillar of it.

The roads to those Chinese villages are being graded this very second,
and you are feeling it at the pump.

Jim

On Mar 18, 2005, at 9:40 PM, Stan Wilder wrote:

> I read recently that in the capital city of China, Beijing, one
> thousand new
> cars were being licensed each day.
> ----------------------- Clip ----------------------------------------
> The one upside to that is that they're not big SUVs, MPVs, HumVs and
> gas
> guzzlers like we have.
> Consider the number of villages in China that you can only reach by
> bicycle,
> horse cart or walking.
> (I understand that there are a million of them).
> When roads reach them so will giant trucks hauling goods to the local
> Wal
> Mart.
>
>
> Stan Wilder
> Engine Ceramics
> 214-352-4931
> www.engineceramics.com
>
>