Quote:
Originally Posted by DaddyHalbucks
China is an ecological nightmare.
|
Written in 2002:
"As yet, there are only 16 million cars in China - not many for a country with 1.3 billion people - and only one-tenth of one per cent of the Chinese people will be buying a car this year.
But industry officials enthuse about a 20% rise in sales last year and a 30% sales rise during the first four months of this year.
And looking ahead, sales growth will be given further shots in the arm, partly by a slew of government initiatives, but also by the country's rapid economic growth and, eventually, by loans for private car buyers from both car manufacturers and finance houses.
"There seems to be no end to growth here," Automotive Resources Asia's Michael Dunne told BBC News Online.
http://news.bbc.co.uk/1/hi/business/2026707.stm