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Auto Sales in China Economy Questioned

December 9th, 2009 · No Comments

Western stock markets have expressed concern over the continued reported growth of car sales in the Chinese economy according to The New York Times.

The conspiracy theory has it that while car sales in the Chinese economy continues to climb, gas prices are essentially flat leading to the thought that the Chinese government is secretly buying cars and parking them.

Interviews with Chinese locals suggest otherwise as higher fuel prices may be to blame as car buyers simply choose not to drive.

Tags: China Economy

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