BEIJING — Car buying in China's private sector won't happen today, but it will peak in three to four years, predicts Zhu Yanfeng, general manager of First Auto Works (FAW) Group. “The peak period of mass family car consumption is far from having arrived,” Zhu says. “It won't happen until three to four years from now.” Despite what he calls “hot media speculation,” Zhu says that most Chinese consumers still cannot afford to buy cars. Cars such as the Buick Sail and Xiali 2000 are priced ...
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