To borrow from Tom Lehrer, China's got the cars, but have no fears, they can't wipe Detroit out for at least five years... who's next.
It makes no economic sense for major Western carmakers to build there and ship here. China-based automakers have not met the safety and quality standards to compete here yet, say automakers and analysts alike.
India might be next, with Mahindra making moves in the truck market and Tata looking at the developed-world market in the long term, but the Romney ads of seeing US car-making jobs heading to China seem somewhat overblown. Any growth in Chinese car exports will be towards the developing world, where cheaper, sub-standard cars are salable.
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