Coming soon: the $4K car from China

This is the Chery QQ, which sells in China for $3,600. It's apparently a copy of the GM-Daewoo Spark, introduced in China in 2003. Chery sold about 50K of these last year in China and is planning to begin exporting cars to the US by 2007. Of course, the low price may be partly due to the, umm, borrowed intellectual property in the product. Nevertheless, it seems obvious that China is exporting deflation to the US - the $30 DVD player is only the beginning.

Actually, it looks pretty cool - just the thing to get me from home to office in Eugene when it's raining too hard to bike! (Something funny going on, though. My former students are driving Mercedes and I am looking at this thing :-)