Quote from http://www.nytimes.com/2010/07/05/business/global/05warm.html?th&emc=th
'Chinese cars get 40 percent better gas mileage on average than American cars because they tend to be much smaller and have weaker engines. And China is drafting regulations that would require cars within each size category to improve their mileage by 18 percent over the next five years. But China?s auto market soared 48 percent in 2009, surpassing the American market for the first time, and car sales are rising almost as rapidly again this year.'
Still looking like potential for the future. Just seems to be taking an interminable time.
OEC Price at posting:
32.0¢ Sentiment: None Disclosure: Held
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