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Chinese want their SUVs
Some have said that the U.S. might be becoming a small cart nation. That should help with the price of gas. Except for... on the other side of the world, China is becoming a big car nation.
On Sunday, at the Beijing Auto Show opening, auto executives said that demand for SUVs and full-size luxury cars is growing fast in China. Don't they care about gas prices? So far, they don't have to. The Chinese government keeps price controls on gas and diesel to limit inflation. The government is pushing car companies to make more fuel-efficient cars.
Posted by Lori Stassi on April 21, 2008 8:33 AM PT | Permalink
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