Never Mind the Incandescent Light Bulbs

From RBA Governor Glenn Stevens’ speech in Brisbane today:

One recent study suggests that, based on the experience of most other countries which have made that transition, the number of motor vehicles owned in China would be expected to rise from 20 million in 2002 to almost 400 million by 2030. That would be equivalent to nearly 50 per cent of the vehicles in the world today.

posted on 14 June 2007 by skirchner in Economics

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