It’s the rickshaw again: New frugality in China could spell trouble around the world

 

The answer to clogged streets

The answer to clogged streets

Tomorrow, the Beijing Auto Show will open its doors to media, VIPs, and anyone who could finagle a pass that will enable car viewing unencumbered by the toiling masses. 800,000 visitors are expected during the one week event, and that number is the only one that has not grown since 2010, most likely because the exhibition center near the airport can’t take more people. An expansion might not be such a good idea, because China’s car market is about to hit the limiter. [Continue Reading]