Auto Industry Booming in China

ShangHai : The Next Detroit
For automakers China is the New Frontier , The world's fastest growing market with millions of new consumers , even more attractive to foreign retailers is the emerging class of young successful Chinese , while American car makers like Chrysler and General Motor are being bankrupted one after the other companies like Shanghai Automotive Industry Corp(SAIC).is ready to flood the market with cheap Chinese made automobiles , Shanghai will become the new Detroit and china will become the first automaker in the world , no western or Japanese industry could compete with Chinese prices , the ones that would like to survive have only one option in front of them which is move the production to China . China is no more that third world country that has only textile and toys to sell on the market ,China certainly has entered very strategic sectors like auto industry and aeronautic not to mention electronic etc ...what this will mean for the west who so far have been dominating in these sectors ? more unemployment certainly more social unrest if not revolutions or the rise of totalitarian regimes , police states , a third world war is not to exclude in the medium term as has been predicted by prominent futurists like Gerald Celente and Bob Chapman ...the shift in power technology and wealth from the west to Asia and in particular to china have been so deep intense and in short time that many people in the west will become very angry about it especially when they will start losing their jobs ,