China "World Locomotive"

CHINA - "World Locomotive"
China’s car market has experienced the most extraordinary year

Published: Mon, 01 Feb 2010 20:31:58 GMT | Last updated: Mon, 01 Feb 2010 20:31:58 GMT

China, which like the rest of the world’s major car markets started last year with almost universally shared predictions of gloom and doom, has ended 2009 with a bang.

Kicked into overdrive by an evidently concerned government with a host of demand boosting measures helped catapult last year’s sales into stratospheric new heights. The effects of last year’s consumer borrowing binge in China are laid bare by figures showing a huge 55.1 cent surge in last year’s car sales to 8.2m units.

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