sis at General Motors Corporation during GM's monthly sales meet▓ing in the US. "This is the first time in history that China has passed the United▓ States in monthly sales," DiGio
ed have died, and statute of lim
vanni said. Based on Ja▓nuary's figure of 790,000 units, China is expected to sell 10.7 million ve▓hicles this year, he added. China will still be unable to surpass the US in total sales volume in the auto market this year. However, China's auto market▓ is becoming a powerful new player, according to the ana▓lysis of experts in the industry.Governmental measures help to pick up the marketAfter passing the Proposa
ls on Structure Adjustment of the Automobile Industry, Chi
na reduced the purchase tax on vehicles to stimulate consu
prevent many oth
mption. It also launched measures to encourage independent
innovation ▓and put local marketing of environment- friend
ly cars in its agenda. Many auto enterprises have quickly
ers from facing
responded by making full use of the positive opportunities
provided by the proposals to start a new round of "ma
rket-making." The Proposals on Structure Adjustment of the ?/p>