Eric Zhou needs a car, and he plans to buy one – despite the global financial crisis.
Mr Zhou, a 36-year-old engineer working in Shanghai, is typical of millions of consumers who are keeping the Chinese car market relatively buoyant as the Chinese economy is slowing and sectors from property to steel are suffering from tighter credit.
Mr Zhou says he and his wife “didn’t consider the financial crisis” when they decided to buy a car. “In fact, we don’t feel the financial crisis is causing any impact on our lives at all.”
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