You are here

Chinese deferring car purchases for stocks

Tuesday, June 9, 2015 - 05:50
BT_20150609_LECARS9_1709996.jpg
General Motors reported a 4 per cent drop in May sales in China, its largest market, despite cutting prices on 40 models.

Beijing

THE stockbroker is beating the car salesman in the battle for Chinese wallets.

With China's stock market more than doubling in the past year, consumers such as Tom Zhang are deferring big-ticket purchases to chase the rally. The Beijing resident was deciding between a Buick

Powered by GET.comGetCom