-- "China's domestic auto market could reach sales of more than 17 million vehicles this year and 19 million next year, said a senior General Motors Co. executive, outpacing home-market sales for several Western auto brands . The sales forecasts are up sharply from the 13.7 million vehicles that auto makers sold in China last year (see chart) as the country's auto market grew about 50% to surpass the U.S. as the world's biggest." Also:
1. Daimler expects Chinese consumers to become the biggest buyers of Mercedes Benz cars in the next three to five years.
2. Volkswagen AG's Audi unit expects its sales in China to surpass German sales next year.
3. GM's sales in China will surpass that of its parent company in the U.S. according to GM's Kevin Wale (source)."
MP: We hear a lot about how because of corporate greed and trade with countries like China, we end up "shipping U.S. jobs overseas." (Q: How exactly are jobs packaged and shipped from the U.S. to China or other countries, i.e. which shipping method is used to send jobs overseas: air freight, containers by ship, or ??)
The story above illustrates how trade with China benefits the U.S. and creates jobs in the U.S. for GM workers. But by selling more cars in China than in the U.S. this year, doesn't that mean that China is "shipping jobs overseas to the U.S.?" And by buying so many Mercedes, Audis and Volkswagens in China, doesn't that mean that China is "shipping jobs overseas to Germany?"Don't all those brand new Buicks, Mercedes and Audis sold in China make the Chinese people worse off?