Full Speed Ahead For China's Car Market

China car market booming, in part because there is no tax on gasoline
June 16, 2004, 12pm PDT | Abhijeet Chavan | @legalaidtech
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"With the average citizen in China barely earning $1,000 a year, the world’s carmakers are catering primarily to the creme de la creme. Not only are luxury car sales here far outpacing the market’s overall growth, but even the priciest cars are finding takers. GM officials expect China to eventually become Cadillac’s largest overseas market, second only to the United States. Their market studies show that Chinese consumers like their cars big and roomy and luxurious, as Americans do. Fuel-efficiency ranks low as a priority, mainly because fuel is not taxed."

Thanks to Richard Layman

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Published on Monday, October 24, 2005 in The Detroit News
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