Business | Cars in China
Still racing ahead
China’s luxury car market is a prize—but not for local firms
|SHANGHAI
MAKERS of luxuries are nervous about China. Its economy has cooled. Worse, its new political leaders are threatening to crack down on ostentation and corruption. What should have been a season of festive political “gift giving” has become a nightmare of rectitude for manufacturers of expensive watches, jewellery and the like. Yet firms that sell fancy cars are as ebullient as ever.
This article appeared in the Business section of the print edition under the headline "Still racing ahead"
From the March 9th 2013 edition
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