The risk in China’s brisk car market
This goes some way to explaining oil price increases
16:46, June 10, 2009
People’s Daily
If someone asks what kind of commodity market is most brisk in China this year, the ready answer would definitely be car market.
Against a backdrop of slump car markets worldwide from January to May this year, car market in China is the first to warm up, and car sales have grown for five months in a row. So, the country has overtaken the United States as the world’s No. 1 car market. If nothing goes wrong in the year, China’s auto sales will breach the 10 million target. Read the rest of this entry »
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