China promised land for automakers
(Reuters)Updated: 2006-11-22 20:00
Chinese twin models pose beside Peugeot cars displayed at the
Beijing International Automotive Exhibition November 22, 2006. China may still
be the promised land for global auto makers but competition is set to reach new
heights in coming years as consumers start buying cars for a second or third
time and are more swayed by brand loyalty. China is the world's second largest
automobile market after the United States. [Reuters]
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