In late 2008 I attended a business seminar on China.  A Chinese economist put a graph up on the screen:  It showed the overnight interbank lending rates.  All ticking along at the same rate for months on end and then Lehman’s hit the markets and the graph went ballistic with no one trusting each other in the banking sector – it clearly explained to me the fragility of the system.

Now in 2011 the FT have published an article on car sales in China.  In support of their piece they displayed a graph showing sales in  the US, Europe and Japan.  The dynamics in the graph speak volumes about the Chinese market as it enters take-off mode.  As another writer in the China Daily said this morning China is America 1916 mode. Hold tight this train is leaving the station and if you ain’t on board you’d better go artisan and local!

http://www.ft.com/cms/s/0/7943842a-54c2-11e0-b1ed-00144feab49a.html

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