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China Boom: GM up 36.7% in China

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China Boom: GM up 36.7% in China

General Motors Corp. (NYSE:GM - news), the world's largest auto maker, said on Monday its vehicle sales in China rose 36.7 percent in the first nine months from a year earlier, and expected sales for all of 2006 to jump 30 percent.

GM sold 645,680 vehicles via its two local ventures in the January-September period, it said in a statement.

"For the year as a whole, GM and our joint ventures are on track to again outpace the market," it said. "We anticipate annual sales growth of about 30 percent."

Read "General Motors says China sales rose 36.7 pct" @ Yahoo

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I don't know that China is big enough for a car market proportionate to the US market.

I bet small cars are popular there.

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