A phoenix rises

Jonathan Pain | The Pain Report | 16 December 2010

It's that time of year when we all sit back, relax and reflect on the events of 2010 and think about the year ahead.  These are my thoughts on the key factors and forces that are likely to shape and define the coming year.

China will deliver growth of approximately 7% to 8% in 2011 and the Chinese consumer will continue to amaze us with their voracious appetite for cars, mobile phones and the like. In 2010, China accounted for half the increase in the  number of cars sold globally and yet today only 7% of the Chinese pop...