BEIJING, April 22 (Reuters) - BYD (1211.HK), China's eighth largest car maker, expects China car sales to grow about 20 percent this year, fueled by continuing government incentives implemented at the height of the global financial crisis. The growth will be fueled in part by strong demand from China's smaller cities, which is expected to continue over the next five years, said Henry Li, general manager of the export division for BYD, backed by U.S. billionaire investor Warren Buffett. He made his comments at an industry forum timed just before the start of this year's Beijing auto show, China's largest. His remarks echoed earlier ones at the forum from a government researcher, who also predicted China's car sales would grow 20 percent this year. [ID:nBJD003677]
Share Investor Links
Share Investor Blog - Stockmarket & Business commentary
Discuss this topic @ Share Investor Forum - Register free
Download the 1977 - 2009 Warren Buffett Letter's to Berkshire Hathaway Shareholders
Recommended Amazon Reading
 | Warren Buffett's Management Secrets: Proven Tools for Personal and Business Success by Mary Buffett Buy new: $16.50 / Used from: $13.20 Usually ships in 24 hours |
 | The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham Buy new: $14.77 / Used from: $10.49 Usually ships in 24 hours |
No comments:
Post a Comment