China Auto Market Continues Surge in 4Q

News from China Association of Automobile Manufacturers (CAAM for short as below) reports that auto experts believe China will become the biggest auto market in the world in 2009. Experts predict Chinese customers will buy nearly 13 million autos in this year because of Chinese stimulus policies and investor"s good economic expectation.

Mr.Jia Xinguang, an auto analyst, says that China auto sale will continue to rapidly grow in the fourth quarter. There are three reasons. The first one is China"s spurring auto policies. The second one is global economic recovery. The third one is good confidence of investors.