Owing to a series of industry and market support measures that the government applied, it unprecedentedly breaks the record last month and China outstrips the US in automobile sales.

In February 10, China Association of Automobile Manufacturers (CAAM) said that China sold totally 735,500 units of vehicles in January, 14.5 percent less year-on-year because of the falling demand, and, compared with December, it drops slightly 0.83 percent. However, it is Read more…

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The economics crisis that is forcing to make the world drop into a deep hole seems nothing but distant rumblings to Zhao Yunan, a 27-year-old female sales executive who works at an exhibition organizer locating in Beijing.

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Ericsson AB, the world’s biggest maker of wireless networks, may report its sharpest profit drop in more than there years. Considering the costs it planned to cut 4,000 and lower the demand for phones at the handset companies with Sony Corp.

According to the median estimate of 15 analysts, its net income in the second quarter fell 56 percent to 2.82 billion kronor ($472 million). Read more…

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In spite of the unfolding global credit crisis and soaring energy prices, auto sales in China maintained double-digit growth since the beginning of the year. Passenger car sales rose 17.84% year-on-year in the first four months of 2008.

According to the China Association of Automobile Manufacturers (CAAM), sales reached 2.46 million cars, including 1.81 million sedans, 75,500 mini-vans and 141,300 sport-utility vehicles. And the figure for March was unusually large, showing the most rapid year-on-year growth in seven months.

Volkswagen AG’s two Chinese ventures — FAW Volkswagen and Shanghai Volkswagen — continued to top the sales list last month, as well as in the first four months. They are followed by the Detroit-based car maker’s venture with Shanghai Automotive Industry Corp, Shanghai GM. And domestic auto producers sold 463,100 sedans in the first four months, accounting for a 25.46% share of the total sedan sales.

China, the world’s second-largest car market, produced 8.88 million automobiles last year, of which 8.79 million were sold. And this year, auto sales are anticipated to exceed 10 million units, which stand for a 14% full-year sales growth.

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Compared with the fourth quarter last year, sales of smartphone in the Chinese market in the first quarter saw a 4.8% growth.

The average price of a smartphone in China is around 2,470 yuan. Compared with high-end ones, low-end smartphones enjoy much wider popularity among buyers. And smartphone produced by Nokia and Motorola took up 85.9% of the market share.

In terms of sales volume, the market saw a record of 8.24 million units in the first quarter, accounting for 19.1% of all types of cellphones sold on the domestic market. And sales revenue stood at 20.4 billion yuan in the first three months, registering an increase of 7.6% over the same period last year.

The Chinese consumer market is in full swing in recent years, which is to a large extent attributable to the rapidly developing economy of the country and growing purchasing power of the Chinese people. Such a robust and huge potential market naturally attracts business people around the world like a strong magnet. For any businessman who is interested in the Chinese market and looking for assistance to facilitate business processes in the country, BPOVIA Ltd based in China, with its excellent virtual assistants and professional consultation services, can always be the source.

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