P.S.
On July 9, the China Association of Automobile Manufacturers said the country's passenger car sales jumped 47.7 percent in June to 872,900, lifted in part by government stimulus measures including a halving of the sales tax on small cars and subsidies for buyers in rural areas. The association said total vehicle sales for 2009 would exceed 11 million units. That growth dwarfs the United States, where auto sales fell 27.7 percent in June to 859,847 vehicles and analysts now forecast 2009 sales of around 10 million units.
The association said total vehicle sales for 2009 would exceed 11 million units.
That growth dwarfs the United States, where auto sales fell 27.7 percent in June to 859,847 vehicles and analysts now forecast 2009 sales of around 10 million units.
