China Hits the Road; It's the hottest car market in the world, now that the middle class has more money to spend on new wheels. But will it last?(Industry Overview)

Publication: Newsweek

Publication Date: 28-JUN-04

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Byline: Keith Naughton, With Craig Simons in Beijing

For decades, You Xiaoyi rode a bike to his job at a state-run factory in China. In the 1980s he upgraded to a Beijing public bus. But today You, 70, owns his own factory, and he's ready for the ultimate status symbol of China's accelerating middle class: a new car. He test-drove Buicks and Audis but...

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