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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/china-drives-car-sales-upwards.jpg"><img class="alignnone size-full" title="China's second major auto show this year has opened in the southern city of Guangzhou (AP)" src="http://londonglossy.com/wp-content/uploads/2010/12/min-china-drives-car-sales-upwards.jpg" alt="China's second major auto show this year has opened in the southern city of Guangzhou (AP)"/></a></p>
<p>Car sales are expected to keep booming in China next year as it consolidates its position as the world&#8217;s largest market.</p>
<p>It overtook the US last year with sales surging 45% to 13.6 million vehicles.</p>
<p>Monthly figures this year have seen double-digit percentage growth and analysts are forecasting sales may climb roughly 30% to about 17 million vehicles for the full year.</p>
<p>Such explosive growth may not continue in 2011 because a tax cut on new vehicle purchases is expected to end. But a rebate on cars with small engines will stay in place, as the government seeks to encourage people to drive more fuel efficient vehicles.</p>
<p>The forecasts came as the country&#8217;s second major auto show this year opened in the southern city of Guangzhou.</p>
<p>&#8220;We think the fundamentals of growth in China are very strong,&#8221; said Kevin Wale, president and managing director for GM China, citing an economy that is expected to expand 8% or more annually, high consumer confidence and a global economy that is starting to rebound.</p>
<p>&#8220;To be honest, the Chinese have developed a love affair with the car.&#8221;</p>
<p>Unlike its glitzier cousins in Beijing and Shanghai, which are held in alternating years and are aimed more at establishing China&#8217;s presence globally with product launches, the Guangzhou show has always been aimed at local buyers.</p>
<p>But car makers are still putting on a show for the tens of thousands of potential buyers expected to pour into the eighth annual Guangzhou International Automobile Exhibition, in bustling Guangdong, one of China&#8217;s most prosperous provinces. The show, known as Auto Guangzhou, runs until December 27.</p>
<p>By the time 2010 is over, Mr Wale said, GM will have sold about 2.3 million cars in China, while next year sales will climb about 10% to more than 2.5 million.</p>
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