China auto sales steadily rising

| April 28th, 2014

Vehicle sales in China may increase by 10 percent this year. General Motors, the second-largest automaker in China, is planning to launch 19 new vehicles, as the company looks to use profit from North America to offset costs overseas.

China had a strong 2013 with growth in automobile sales. Despite an economic decline, people continued to buy more cars. The consumption of steel also went up. Since steel is one of the most critical contributions for automobile manufacturing, demand for […]Read more…