GM surprised by Chinese sales figures

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China has provided a ray of hope to GM – the auto maker reported global sales of 1.94 million worldwide and said a 62 percent jump in China offset a 32 percent tumble in the U.S., still considered GM’s home market though 72 percent of quarterly sales were in other countries.

The fact is that China is a growing market with increasing number of Chinese entering the middle class and being able to afford to buy new cars. Sales in China numbered 450,000 compared to the figure of 538,000 in the US in the second quarter alone.

These figures are encouraging for GM and make China a burgeoning market, particularly when compared to the US.