Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Chinese auto sales rebound in February

by Tony Sagami on March 17, 2009

in Asian Market, Stock Market in China

General Motors (GM: 25.60 -0.15 -0.58%) raised its sales growth forecast in China from 3% to 5%-10%.

How come? Auto sales jumped by 25% in February. The reason was a reduction in auto taxes.

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