In a symbolic passing of the consumerist torch, China bought more new cars in January than America. According to news agencies, the US saw car sales plummet to 656,976 last month, versus a forecast 735,500 for China. “This is the first time in history that China has passed the United States in monthly sales,” commented GM’s Mike Giovanni.
The move follows other areas where China has surpassed the US. For example, it has 298 million internet users versus 129 million in America, and 641 million mobile phone subscribers versus 258 million stateside.
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