![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
Financial Crisis Gives Chinese Car Companies a Chance to Get Up to Speed
Contrarian Profits (September 24th, 2009) Writes:
There’s no question that the big “winner” in the global financial crisis has been China. While for the past two years developed economies have been scrambling to keep afloat China has taken a nuanced approach to achieving its economic and political goals.
China has used depressed commodities prices to stock up on long-term supplies of raw materials such as oil, copper, and iron. And it’s used structural weakness in the U.S. financial system as justification for replacing the dollar as the world’s main reserve currency.
Now, the Red Dragon is looking to make headway on the highway by winning global market share in the automotive market while U.S. heavyweights spin out.
“We aren’t afraid of the financial crisis,” Zhou Fuquan, vice president of Geely Automobile Holdings Ltd. (PINK: GELYF), told Bloomberg News. “On the contrary, we hope it will penetrate even further as
...Analyst, automotive analyst, AutoPacific Inc., battery producer, Beijing Auto, Beijing Automotive Industry Holdings Co., Berkshire Hathaway Inc, bloomberg, BYD Co. Ltd, car, car and battery producer, car brand, Celestial Asia Securities Holdings, Chen Jian, China, China, China Daily, Christoph Stuermer, contrarian profits, Daniel Dai, Drivetrain Systems International, Emerging Markets, Forbes, Ford Motor Co, founder, gearbox maker, Geely Automobile Holdings Ltd;, general corporate purposes, General Manager, global player, Goldman Sachs Group Inc, GS, Hangzhou, IHS Global Insight Inc.;, Industry Analyst, Investing Lessons, Jim Hossack, Koenigsegg Group, Li Lixi, Li Shufu, Manganese Bronze Holdings PLC, Market Commentary, MidAmerican Energy Holdings Co., Minister of Commerce, Northeast Securities Co., Oil, private automaker, Research Director, researcher, Richard Li, Saab;, SAIC Motor Corp. Ltd., Saudi Arabia, shanghai, Sichuan Tengzhong Heavy Industrial Machinery Co, Spain, Ssangyong Motor Co., The Financial Times, Turkey, United States, USD, Vice Minister, Vice President, vice president for international business, Volvo, Wang Dazong, Zhou Fuquan
U.S. videogame industry 
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.