The shift in--demand--power

BUSINESS: "Porsche Introduces a Sedan in China, the Biggest Auto Market," by Keith Bradsher, New York Times, 20 April 2009.

The opening para says all:

Porsche unveiled its entry into the luxury sedan market here on Sunday night, the eve of the Shanghai auto show. It was the latest confirmation of the importance of the Chinese auto market and the first time that Porsche has entered a new market segment at an auto show outside Europe or North America.

Remember: in the global economy, power stems from demand, not supply.

Comments

[Brad]

I would add, in addition to demand powering the global economy, that stability (demographic, economic, security, resource) in both producing and consuming states is the fuel propelling demand. Some would say that the stability bubble of the last couple of decades is deflating fueled by the bursting of the debt bubble. Will the emerging global middle class endure in this new environment? We shall soon see.