Currently, the financial crisis is lingering around the global economy. The China market beckons as a bright beacon for global automakers floundering in other choppy vehicle markets hit hard by the global financial crisis. According to latest industry data shows that the first-quarter vehicle sales in China grew by 3.8 percent year-on-year to 2.68 million units, enabling the country to overpass the US as the world's biggest vehicle market.

According to CAAM (China Association of Automobile Manufacturers) predicts that the full-year vehicle sales to reach 10.2 million units in 2009, up almost 9 percent from last year.

Source : english.chinabuses.com

Editor : Frederick

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Tags: financial crisis Confidence Growth