Special Report, News, Americas
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Special Report, News, Americas
The economic analysis is simple. The extra Renminbi means more cash to spend on non-essential goods and services. This includes furniture, real estate, vehicles, and travel. I have been a big supporter of the Chinese auto sector. You don't have to tell General Motors Company (NYSE/GM) to go to China and look for growth opportunities. In fact, you don't have to tell anyone. Going out and buying GM would not be my best stock advice, but that is not to say that there are not other opportunities to play the Chinese auto market. The world's automakers know that, to grow, you need a presence in China's auto sector, whether in it's a venture with a Chinese company or as a standalone manufacturer of vehicles. The auto sector in China remains strong, as the country is the world's largest auto market, with an estimated 16.5 million vehicles sold in 2010, according to the Chinese Industry Association.
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