The vehicle prices on the Chinese market grew 1.3 percent last month, the highest level since late 2005, as government incentives continued to drive the demand on the country’s automotive market, now the biggest in the world, as Bloomberg reports.
"The January price hike is a surprise," Cheng Xiaodong, an official with the National Development and Reform Commission’s vehicle-price monitoring division, was quoted as saying by Bloomberg. "But it may not last as production will be… (read more)