Car show in China this week. Media now bringing to light that auto sales in China is growing much faster than China economy. Auto in Q1 is up 14%+ vs. China GDP of + 7.7%
Also continued forecast of 30 mil units by 2020.
I don't know if today's buying is due to media news or maybe CAAS is buying some, or a fund. Either way s/b good. Let's see how we close.
Hey bob, what's your take on all the after hours and premarket trading that's been going on this week? CAAS rarely trades in the extra hours, but this week they've been trading every day, and for prices that are nowhere near the closing price. For example, yesterday's AH was trading at 4.05, and today's PM is trading at 4.95