China's news that domestic auto makers planned to begin exporting cars to Europe and North America in the near-term was met with healthy doses of fanfare and skepticism in 2005. While many industry watchers long have predicted the Chinese eventually will enter Western auto markets, many said the announcements were premature. Demand still is growing in China's domestic market and only a small fraction of the country's inhabitants own a car. China can barely handle demand at home, they said, ...

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