Mike,
This all is taken from Shenzhen Daily on Tuesday May 13, 2008.
Vehicle sales in China rose 14% in April , the slowest pace in almost two years as a combination of inflationand a slumping stock market curbed demand for passenger cars.
Sales of passenger cars and commercial vehicles rose to 922,600 in April, reported by the China Assoc. of Automobiles Manufacturers. The growth rate was 21% the first three months.
At least 3/5ths of domestic stock market investors used their profits to buy new cars, the automakers group said. last year.
Vehicle production rose 20% to 981,300 units last month . In the first Four months, production rose 16% to 3.5 million vehicles while sales increased 19% to 3.5 million vehicles. (does this make sense?) I typed exactly how it read in the Shenzhen Daily.
more later.
gk
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