China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (2316)	12/31/2003 3:26:02 PM
From: RealMuLan	Read Replies (1) of 6370

China to steer auto sales 'The key driver of the global auto industry' Paul Brent Financial Post, with files from The Canadian Press Wednesday, December 31, 2003 China's booming auto market will drive worldwide automotive sales to record levels in 2004. Car sales in China, which grew 65% this year to 1.9 million vehicles, are expected to grow by nearly one-third to 2.5 million vehicles in 2004 due to rising urban incomes, new models and the country's admittance to the World Trade Organization, according to an industry forecast by Scotiabank's research arm. "China is really the key driver of the global auto industry at the moment," said Carlos Gomes, a Scotiabank senior economist. "It will really drive sales to record highs in 2004 -- not only in China but on a worldwide basis." canada.com

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