US Car Makers In China – Doing Okay for Now, As Sales Are Up

China now buys more cars than any other nation on the planet, millions per year more than in the United States. Sure those cars sell for less money, they don’t have all the safety requirements we do, and the consumers there (Middle Class = $4500 per year) can’t afford what our citizens can, and they usually save their money and buy for cash – but nevertheless they do sell millions more cars. Let’s talk about GM in China, shall we?