- Dec 17, 2009
The rich getting richer in China doesn't bode well for the general economy. It signals higher levels of corruption and disproportionate distribution of wealth. Looking at foreign car brands to China, American brands are down 25%, German brands 5%, Korean brands 12% which all signal the collapse of the Chinese automotive sector whose own brands are down 24%.That's why i said you don't have ability to judge the news, seems you are making Yes/No choice for any data about China, but the truth never be simple like this.
For example, Benz, Audi, BWM all report China as their biggest single market, each of them sold around 0.6 million cars in China on 2018, plus other luxury brands there are 2.8 millions luxury cars sold in China last year, which reflect how strong the China high income people is, and this volume is even bigger than USA (on contrast, 4 million cars totally sold in India in 2018).
At 2018，China's best selling car was VW's Lavida, with total 0.5 million sales with around USD 20,000 per each And India is Maruti Suzuki Dzire with 0.26 million with USD 9,000 per each; China's USD 9,000 car with best selling was Wuling Hongguang, with 0.47 million sales...
Those above data proved that China already been the biggest consuming market in the world, since the consumer's data are always accurate than government's estimation with less manipulation...
Again, I really don't care about you believe or not, u can fully enjoy yourself ^_^