Only a decade ago BMW sold fewer than 16,000 vehicles a year in China.
Ten years later China pulled ahead of the US as the carmaker’s largest single market. Last year BMW’s Chinese sales jumped 20 per cent to 391,000 vehicles, writes Chris Bryant.
This phenomenal growth, which has been mirrored by other German carmakers, explains investors’ interest in assessing the impact of China’s crackdown on pricing in the vehicle market.
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