Tuesday, February 03, 2009

US car sales fall below China’s for first time

Hard to believe... the Financial Times has the story.

FT: Annualised US car sales slipped below 10m last month – and were less than China’s for the first time – in spite of steep discounts offered by carmakers and government efforts to ease lending.

...GM estimated the overall annualised selling rate for cars at 9.8m in the US in January, compared with 10.3m in December, and less than China’s estimated selling rate of 10.7m last month.

The times they are a changing...

Zheng He (Wikipedia): ...Zheng He commanded seven expeditions. The 1405 expedition consisted of 27,800 men and a fleet of 62 treasure ships supported by approximately 190 smaller ships. The fleet included ... Treasure ships, used by the commander of the fleet and his deputies (nine-masted, about 126.73 meters (416 ft) long and 51.84 metres (170 ft) wide), according to later writers. ... The treasure ships purportedly can carry as much as 1,500 tons. By way of comparison, a modern ship of about 1,200 tons is 60 meters (200 ft) long, and the ships Christopher Columbus sailed to the New World in 1492 were about 70-100 tons and 17 meters (55 ft) long.




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