How the mighty have fallen. For, history was created last year when for the first time, China sold more cars than America. Industry data shows that in 2009, as against a figure of 10.4 million vehicles (cars, trucks and other autos) sold in the USA, the market in China rose by 46 percent to a record high of 13.6 million vehicles. When you contrast this with the data that the Chinese market in the early 1980s had only a million private cars, well, you don't need an economist to tell you where the...
Full Story: Business Day Online
