In such situations, we are finding companies we regard as
extremely well run,
growing at a fast pace, and providing exposure to key themes such as economic growth, demographic changes, and local consumer
trends.
Certainly everybody that I saw in my short time was
extremely interested in purchasing a car and if they happen to be from the more upwardly mobile kind of middle class, they were very interested in buying not a fuel - efficient car but a hummer even, you know, pretty much following the exact same model as the American aspiration or, you know, the «American dream» model and certainly the suburbs seem to be a
growing trend and if you noticed that, Philip, you know, I visited a suburb called Orange County outside of Beijing and it really looked like Orange County and they even had like the palm trees and everything and I saw these in all the cities I visited Chongqing, Chengdu, various other cities that I visited, they were ringed by suburbs and the folks who live there, you know, the privileged few were using cars to commute into the cities for work.