China’s explosive growth. A rapidly deteriorating natural environment. A rapidly increasing middle class at least 3-4 times larger than America’s, with similar tastes.
“Since opening up its economy 30 years ago, China has gone from being a nation of bicycle riders to being the world’s largest car market. But now its major cities face traffic gridlock. To clear the roads, Beijing’s government has started a lottery system for new car licenses. Cars are among the new status symbols of China’s growing middle class. New passenger car sales in China last year rose 33 percent to 13.8 million.”