Western China to drive new phase of car sales growth

Newswire

FRANKFURT, Aug 31 (Reuters) - China's automobile production will grow at an annual rate of 9.3 percent over the next few years, doubling in size by 2017, thanks to a burgeoning middle class in the outlying regions, a study showed. PricewaterhouseCoopers said 27 million vehicles will be built in China in 2017 as demand for cars picks up outside of the wealthy coastal region in so-called Tier 3 cities where average disposable income last year surpassed 40,000 yuan ($6,269.101) -- roughly the ...

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