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Seeing is Believing in China

General Motors recently announced that April new car sales in the United States were 27% higher than last year, providing further evidence of their remarkable turnaround since filing for Chapter 11 bankruptcy in 2009.  While this recent growth in the US is an exciting trend for them, one of the primary factors underpinning their economic resurgence has been their performance in the Chinese domestic automotive market.  The growth and attractiveness of this market has been well publicized of late – a recent research report indicates that new car sales in 2010 in China were over 18 million, up over 30% from 2009.

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