From the World Bank website:
"China remains a developing country （its per capita income is still a fraction of that in advanced countries）and its market reforms are incomplete. Official data shows that about 98.99 million people still lived below the national poverty line of RMB 2,300 per year at the end of 2012. With the second largest number of poor in the world after India, poverty reduction remains a fundamental challenge."
Yes, all the "rich" Chinese will be buying Teslas as fast as they can be delivered. I cannot believe how many people are believing this scam.
By: Paul rR LaMonica
I wouldn't bet against Tesla though. With CEO Elon Musk promising that the Model S will be available in China starting in March, that is a huge growth opportunity for the company. It's likely that Musk will discuss China plans in more detail during the company's earnings conference call. Less