Continent in Crisis China Overtakes Sluggish Europe in Car Sales

While European consumers spent much of 2012 fretting about the economic crisis, China managed to surpass the Continent in automobile sales for the first time. Given China's growing middle class, the trend looks set to continue. China will probably outpace Europe in vehicle production this year, too.
Chinese consumers bought more cars than their European counterparts in 2012.

Chinese consumers bought more cars than their European counterparts in 2012.

Foto: STRINGER/ REUTERS
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