Though many may not realize the extent of it, the auto business has been booming in China for a while now. General Motors actually sells more vehicles there than they do in the States, and huge market growth in China has been crucial to the bottom lines of all the carmakers that do business there. But according to Fortune, these boon times may be coming to an end. LMC Automotive predicts that the 2012 vehicle market in China will only be growing at a 9.2-percent rate, less than half of last year's rate, according to the report.
Autoblog
See also:
digitalhouse, Fortune asks, 'Is the party in China over?'
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