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China’s Auto Market Moves Forward
BEIJING, The People’s Republic of China - At a time when the rest of the global auto sales are experiencing their biggest declines in decades – and are set to drop at least 8% globally – the burgeoning China auto market may grow by 10% or more this year.
With steeply rising disposable incomes and savings rates that approach – and in some cases exceed – 35% a year, it isn’t difficult to see why the China auto market is zooming along. But what may be tough for U.S. consumers to picture – especially as they deal with rising unemployment and…
30Apr2009 | Money Morning | 0 comments | Continued
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