Journal Article Example | Topics and Well Written Essays - 250 words - 2

Journal - Article Example Statistics indicate that homeownership among the young people who are through with college and whom are under 35 years of age has reduced from 43% to 36% from 2004 and this is a massive decrease. Even though with the reduction in inflation the debts are bound to be reduced, this is just a speculation and is yet to be fulfilled. The government should be encouraging an increase in homeownership amongst the younger generation and they should start with reduction of the interest rates in college loans. The increase in interest is discouraging those aspiring to join college to pull back as they foresee a future with no other development other than student loan repayment which is bad for the economy in future. Even though the college student loan comes as a savior for most families that cannot afford college education, it is still a burden people are continually afraid of and it drains their morale of development leading homeownership for example for old people who are not bound to enjoy more. Mitchell, J. (June 20th, 2014). â€Å"Student Debt Takes a Toll on Some Home Buyers.† The Wall Street Journal. Retrieved from:

Chinas automobile industry Chapter 1 and 3 Essay

Chinas automobile industry Chapter 1 and 3 - Essay Example Started in 1984, the first wave of investment in the automobile industry in China includes the establishment of Beijing Jeep and Shanghai Volkswagen (Wu, 2006). Six years later, the second wave started when FAW-Volkswagen, Guangzhou Peugeot, and Dongfeng- Citroà «n was manufactured and publicly introduced in Chinese market (Wu, 2006). Sometime in late 1990s, the third wave happened when GM, Toyota Motor, and Ford secured their respective car assembly deals at Shanghai GM, Tianjin Toyota Motor, and Chang’an-Ford respectively (Wu, 2006). Other than the foreign-owned automobile manufacturing companies that entered the Chinese market between the years 1980s to 1990s, the fourth wave of investment can be noted when local automobile manufacturing companies like Geely Group, Brilliance China, and Shanghai Cherry started selling cars back in 2001 (Wu, 2006). The continuous development and transfer of foreign automobile technology together with the huge demand for new cars contributes a lot to the success of Chinese automobile industry. In 2009, the total number of cars, trucks and other vehicles sold in China was 13.6 million which accounts for 46% increase from the previous year’s total vehicles sold (Lewis, 2010). In fact, China’s Automobile Industry was the 2nd largest Industry back in 2008. (Table I – China’s Top Ten Industries) The main objective of this study is to gather existing and most current literature regarding the degree of competition in China’s automobile industry. Aside from determining the theoretical approaches that can be use in examining the degree of competitiveness in China’s automobile industry, the gathered literature will provide the readers with useful information regarding significant issues that has been discussed about the advancement of its existing automobile technology including the legal, economic, social, and political factors that could affect the Chinese’s