China Targeting Car Market
March 14, 2006
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March 14, 2006 – Thanks to workers earning less than $200 a month and their talent at copying older Western designs, China has positioned themselves as the fastest-growing car market in the world.
A recent New York Times article looks at the decision of many of the world’s top car companies decision to introduce their best technology to their plants in China in order to compete with one another as well as local companies in China. The U.S. had a record $200 billion trade deficit with China last year as a result of China’s unfair trade practices.
Read the New York Times article.
