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Additional info for American Wheels Chinese Roads
Nevertheless, foreigners and Chinese alike flocked to the XiangYang market, drawn by the prospect of scoring an originalappearing item for just a fraction of the price of the real deal. A genuine Louis Vuitton bag at the authorized shop on Huaihai Road might cost $600. At XiangYang, a quality duplicate might go for $200 or $80 or maybe even as little as $60. The difference between what shoppers were willing to pay for a fake (an enticingly small fraction of the price of the genuine article) and what the trader had actually paid for the fake was where the traders made their money.
Form joint ventures with leading global carmakers. Step 2. Absorb the foreign partners’ technologies related to car design, engineering, and manufacturing. Step 3. Build cars under China’s own brand names. For SAIC, the trouble was an inability to move beyond Step 1. Ten years after formation of the Shanghai-VW joint venture, the German automaker still held all of the keys to the kingdom of car making. Volkswagen was still totally in control of the design, engineering, and manufacture of the old Santana.
Reentry would not be permitted. You could leave, but there would be no getting back into the show—whether you had passes or not. And if you left, you might miss a visit from the minister. China made no secret of its quest to build its own cars, powered by its own engines. indd 17 5/13/11 11:25:22 AM 18 a me r i c a n wh e e l s , c h ines e road s at the Beijing Auto Show just might help to accelerate British engineering business growth in China. On the other hand, the senior executives were jet-lagged, hot, and hungry.