e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Weekly Watch
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

ECONOMY
Weekly Watch> WEEKLY WATCH NO. 28, 2010> ECONOMY
UPDATED: July 9, 2010 NO. 28 JULY 15, 2010
Auto Refuge
Share

For global auto giants struggling after the sweeping industry meltdown, the thriving Chinese market has become a safe haven.

General Motor's sales in the Chinese market totaled 1.21 million vehicles from January to June, topping the U.S. deliveries of 1.08 million.

This is the first time any overseas market has "consistently outsold" GM's home market in the carmaker's 102-year-old history, said Michael Albano, a Shanghai-based GM spokesman.

Also basking in the China boom was Ford that saw its first-half sales in the country surge 53 percent year on year to reach 301,524 units.

Such explosive growth in China coincided with deep gloom in the United States where consumers hunkered down in the wake of the recession.

Also, as a vivid illustration of how fast the axis of the global auto industry is shifting eastward, China toppled the United States earlier this year from its decades-long position as the world's largest auto market.



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved