Warren Buffett loves Chinese Cars

Warren Buffett's Chinese Cars Will Start Killing The US Auto Industry As Soon As This Year

Vincent Fernando
Jan. 13, 2010, 7:12 AM

BYD, the upstart Chinese electric car maker Warren Buffett famously has an investment in, is planning enter the U.S. market as soon as the second half of this year.

Considering the U.S. market entrance by multiple new auto players (from Chinese firms BYD and Geely, to India's Tata and even U.S. upstart Tesla Motors) expect auto industry competition to get far more intense than it already is.

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Chinese gender imbalance will leave millions of men without wives

More than 24 million Chinese men of marrying age could find themselves without spouses in 2020, with sex-specific abortions a major factor.

A study by the government-backed Chinese Academy of Social Sciences named the gender imbalance among newborns as the most serious demographic problem for the country's population of 1.3 billion.

"Sex-specific abortions remained extremely commonplace, especially in rural areas," where the cultural preference for boys over girls is strongest, the study said, noting the reasons for the gender imbalance were "complex".

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China and the global auto market

There’s a picture of a soldier from the People’s Republic of China on this morning’s Drudge Report, depicting, Internet style, how China has finally ended the U.S.’s reign as the world’s largest auto market.

Had Drudge and Bloomberg.com, who broke the story been more journalistically correct, the lone soldier’s picture would have been flanked by those of Obama bagman George Soros and UN Poster Boy, Canadian-in-China Maurice Strong.

For it is a matter of fact that the People’s Republic of China did not naturally nor honestly win the race as world’s largest auto market, Soros and Strong made it happen.

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