AFSCME 3357-HOF'S BLOG

Overcapacity in China - Part One
Chinese domestic auto sales went down 4% this year. That country already has more capacity than domestic demand. Even with that, foreign automakers are investing $12 Billion to triple capacity there before the end of the decade.

(Not in this press release) Honda announced that it was going to import Chinese-made Fit minicars into Europe.

Research and Markets: China's Auto Market Faces Increasing Oversupply in the Next Two Years