China's market!

Two interesting stories about China's market!


Bloomberg Businessweek carried this

" VW’s Bentley Sells More Cars in China Than U.K. for First Time

Volkswagen AG’s super-luxury Bentley brand sold more cars in China than Britain for the first time in its 92-year history and said it’s seeking to capitalize on wealthy customers reopening their wallets this year.

Bentley sold 37 percent more cars in 2011 as demand for the Crewe, England-based manufacturer’s models doubled in China, helping make the brand profitable for the first time since 2008. The maker of the Continental luxury coupe said it expects “robust” growth in sales and higher profit this year as consumers end the spending restraint brought on by the 2008 recession."

Another story on Rolls Royce sales is here.

"China Buys more Lamborghinis and Rolls-Royces than U.S. in 2011

In 2011, China led the way for expensive, exclusive and luxurious cars, buying more Lamborghini’sand Rolls-Royces than anybody else in the world.

The avenues in China are increasingly lined with luxurious car dealerships – Lamborghini, Ferrari, Bugatti and Rolls-Royce. Perhaps indicative of China’s luxury market appeal, Rolls-Royce recently introduced a $1.6 million “Year of the Dragon” model, decked out with hand-embroidered versions of mythical animals on leather headrests."

It is apparent that not only does China's exports create flutters around the world, it is also the largest market for many products produced in the developed world. Can't ignore China in multilateral trade negotiations, can we?