Chinese Car prices to stabilise-temporarily

Beijing–KPMG has published a report indicating that prices of new cars in China will stabilise in the short term, but in the mid-term will continue their rapid decline as car makers struggle to increase market share in this highly competitive market

KPMG expects car sales to rise 15 percent in 2004 after two million units were sold in 2003, a rise of 82 percent from 2002.

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