WORLD CAR GIANTS PICK UP GRABBING CHINA LUXURY CAR MARKET

AsiaInfo Services, October, 2007

AsiaInfo Services 10-02-2007 World Car Giants Pick up Grabbing China Luxury Car Market CHENGDU, Oct 02, 2007 (SinoCast via COMTEX) -- The world's luxury carmakers like Porsche and Bentley are upbeat the Chinese market while their competition is ascending. China imported 74,000 over-3L gasoline sedans and SUVs in 2006 with a yearly soar of 59.2%, faster than the growth of the import of medium-and small-displacement cars and 18.5 percentage points more than the overall growth of car import, statistics shows.

These figures indicate that China's high-grade car market is booming. This is also reflected in the latest international auto show in Chengdu, capital city of Southwest China's Sichuan Province, ended on September 28, 2007. Porsche, a famed sports car...

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