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China Auto Market Could Top U.S. Europe Combined

Chinese automotive market could soon be larger than the U.S. and European markets combined. By 2022, forecast senior GM officials, sales in the People’s Republic could top 35 million annually. That’s more than double the peak hit in the American market nearly a decade ago. No surprise, then, that Tim Lee, the president of GM’s International Operations, told reporters that, “No market is more critical than the China market for us.”

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