Both American and Chinese cut back on travel
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It’s travel time. Thanksgiving is traditionally the busiest travel seaon in the US. But due to weak economy, the holiday travel will slow down a bit (compared to same period last year). AAA Chicago estimated the trend in this thanksgiving. (source: marketWatch)
Slowdown in China: Ctrip (Nasdaq: CTRIP), the leading online travel consolidator in China, already reported Q over Q slowdown on its 3Q08 report. Note travel slowed quite dramatically after the Olympics.
Last but not least, I got this from my friend in Shanghai. IHT (International Herald Tribune) reported on car inventory at Long Beach, CA.