HONG KONG, July 9 /PRNewswire-Asia/ -- The financial crisis didn't block the growth of China's auto market. According to the latest statistics released on July 6th, sales in China's auto market hit a new high in June, refreshing the record for 4 straight months. China's cumulative auto sales exceeded 6 million units in the first half of the year, 1 million units more than that in the U.S., historically emerging as the largest auto market in the world.
Meanwhile, China is also becoming the refuge for the world's auto industry. Under the finance crisis, auto markets in North America, Europe and Japan are all in recession. Deflated sales led to belt-tightened enterprises on the whole; some poorly performing brands like Chrysler, GM and other giants are filing for bankruptcy. The fall of automakers has set off a chain of reactions in the auto industry; many spare parts makers are struggling due to lack of funding. This crisis is spreading from America to the whole world.
Fairtheworld.com predicts that more auto enterprises will enter China. China, with its huge market demand and sustained economic growth, has become the ideal refuge for the auto industry. Fairtheworld.com has provided complete solutions in line with enterprises' globalization strategies. The "Fair N Fair" 3D Virtual Expo platform, developed by Fairtheworld, will help global auto makers form cross-regional, cross-industry virtual industrial clustering.
For more information, please contact:
Dodona Song
Cell: +86-159-1626-1151
Email: news@fairtheworld.com
