China is slowly becoming the attraction for industrial conglomerates in terms of consumption. Although the per capita consumption is still low as compared to Europe and the US but out of 1.6 Billion people, a fraction counts for millions. The latest of the news is related to the automotive industry in mainland China, where the […]
Mar 6 2012 | Posted in
Automobiles |
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The Chinese auto-market, as compared to other parts of the world, has more potential of growth, thanks to the European debt crisis that has affected its automotive market among other issues. The China Association of Automobile Manufacturers forecasts sales in the country to increase 9.5% in 2012, but that’s optimistic. “The best scenario is for annual […]
Mar 6 2012 | Posted in
Automobiles |
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More importantly, the Ministry’s list is just another effort to undermine foreign brands. Late last December, Beijing announced a cut back in approvals for foreign companies to build plants, and we can be sure there will be unfairly means to ensure sales growth of local manufacturers. In more candid moments, foreign car executives say they […]
Mar 6 2012 | Posted in
Automobiles |
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