China promised land for automakers
(Reuters)Updated: 2006-11-22 20:00
A model poses beside a Chevrolet 'Ultra' concept car 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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