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A comment on Following 35% growth, solar has passed hydro on US grid. Parent comment
As one comment says, many of those are going from 0 cars to 1 car. But also the average age of cars in China is less: https://min.news/en/auto/6ebd7edbc7df2c10102b857be9c06a47.ht...
It's also worth questioning what wealth and poverty look like in China; the changes in family structure; savings, investment, and credit; and so on. Shenzen is a rich city.
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As one comment says, many of those are going from 0 cars to 1 car. But also the average age of cars in China is less: https://min.news/en/auto/6ebd7edbc7df2c10102b857be9c06a47.ht...
It's also worth questioning what wealth and poverty look like in China; the changes in family structure; savings, investment, and credit; and so on. Shenzen is a rich city.