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In 2011 China surpassed Germany to become the second-largest market for premium cars with delivery of about 980,000 units.The number is likely to increase to 1.2 million in 2012, a 22 percent increase over 2011, well ahead of the growth in the mainstream market, according to LMC Automotive. China is now the biggest overseas market for luxury carmakers Audi, BMW, Rolls Royce, Lamborghini, Bentley and among the top three markets for Jaguar Land Rover, Porsche, Mercedes-Benz and Ferrari. And the long-term picture looks promising. Statistics provided by Ford show that China's luxury vehicle market will grow to about 2.7 million units by 2020, accounting for nearly 9 percent of the overall car market, up from about 6 percent today.
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  • (China Daily)2017-10-17 07:31

    Govt and policies Banking sector risks down in Q3 Risks in China's banking sector continued to decline in the third quarter of the year, with falling interbank business and slower growth in wealth management products. By the end of September, interbank assets and liabilities, major indicators for sh...

  • (Xinhua)2017-10-16 09:32

    CHANGCHUN - The Sino-German auto joint venture FAW-Volkswagen Automotive sold a record number of 58,062 Audi vehicles in September, the company announced Sunday. It is a rise of 7.1 percent from last year. With this number, Audi has topped the list of luxury car sales in China for four months. A tot...

  • By Hao Yan(China Daily)2017-10-16 07:49

     The Audi A6L 30-Year Anniversary Edition is targeted at younger Chinese premium car customers. Photos Provided to China DailyFAW-Volkswagen's Audi Sales Division has maintained its growth trend for four consecutive months, with sales last month 7.1 percent higher than in the same period last year....

  • By Hao Yan(China Daily)2017-09-25 07:55

     The BMW 3 Series features sporty design and high-tech facilities, offering customers sheer driving pleasure. Photos Provided to China DailyHonored as the king of sports, the BMW 3 Series have been evolving with the era, while persisting in the sport spirit. It now roars with unrivaled, distinctive...

  • (China Daily)2017-09-25 07:55

    Popular Chinese actor Jin Dong (second from right) and executives from FAW, one of the country's biggest auto groups, pose beside the new Red Flag H7 at a launch ceremony for the large sedan on Thursday in Beijing. The model retails between 249,800 yuan ($37,885) and 479,800 yuan. It has three engin...

  • By Deng Zhangyu(China Daily)2017-09-20 07:03

    A new generation of Chinese collectors is making its mark. Deng Zhangyu reports. One of them is launching a major international art fair - touted as the first of its kind in Chengdu, capital of Southwest China's Sichuan province. Another one is behind Artcare, a company providing bespoke services fo...

  • 2017-09-14 07:44

    Daimler AG's new Smart concept autonomous car Vision EQ is displayed during the Frankfurt International Motor Show (IAA) in Germany, Sept 12, 2017. [Photo/Xinhua]Auto manufacturers spend heavily to develop and improve environment-friendly vehicles to meet increasingly tough government regulations ac...

  • (China Daily)2017-09-14 07:14

    Auto manufacturers spend heavily to develop and improve environment-friendly vehicles to meet increasingly tough government regulations across the world FRANKFURT - Car manufacturers wheeled out a fleet of electric vehicles at the glitzy Frankfurt International Motor Show in Germany this week. The i...

  • By Xu Junqian In Shanghai(China Daily)2017-09-06 07:58

    Zhu Jiangliang wanted to become a mixologist, learning the skill of making cocktails, before he was 20. He even spent a year in a Sydney bar figuring out the "magical possibilities between gins, wines and liquors". But now the 32-year-old Shanghai-born entrepreneur is dedicated to one beverage - wat...

  • By Li Fusheng(China Daily)2017-08-28 13:32

    In the first seven months of this year, Mercedes-Benz offered to its customers leading-in-segment more than 354,000 units of cars. The top management ascribes it to great products, improved services and dealers' collaboration. [Photo provided to China Daily]The management at German premium automaker...

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