Thursday, December 30, 2010
China's Auto Sale Passed the U.S.
The U.S. automobile market had long been world’s largest. On 3 February 2009, automakers reported their sales in January that the U.S. sold 565,976 cars and light trucks and the consumers in China bought 790,000 vehicles (Phoenix TV). For the first time, China passed the U.S. in terms of automobile market. In April 2009, Association of the Chinese Automobile Industry reported that the automobile sold in China surpassed the sale in the United States again in the first quarter in 2009. Will the Chinese economy be recovery sooner than the U.S.?