Foreign and domestic carmakers in China sold 52 percent
more locally made cars in September than a year earlier as price cuts and rising incomes
led to higher demand.
The China Association of Automobile
Manufacturers said car sales in the first nine months soared 69 percent to 1.34 million
Government statistics showed average disposable income in
China's towns and cities rising 9 percent per person in the first nine months to RMB
6,347 while average vehicle prices fell 3.6 percent in September
While China is currently the world's fourth-largest vehicle market
after the US, Japan and Germany, General Motors has predicted that it will become the
second-largest before the end of this decade.
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