China has become one of the world’s fastest growing car markets. On a macroeconomic scale, this is due largely to demand rising as Chinese consumers enjoy greater prosperity, coupled with more and more automakers putting an effort into building and selling their products in China.
On a microeconomic scale, though, we think at least a few car sales in the city of Foshan are from people who lost their nerve about using public transportation after spending too long waiting at a bus stop that has a demolished building going down around, and even on top of, it.