Auto market
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Chery Executive: Skip Buying Homes To Afford Cars For Improved Quality Of Life
A Chery Auto executive states Chinese consumers are diverting savings once intended for property towards purchasing cars for life enhancement, seeing it as a pragmatic upgrade. He forecasts 2025 auto sales could reach ~24 million units (matching Western Europe’s market). This contrasts with financial commentator Wu Xiaobo’s view that cars are poor investments for lower earners due to depreciation and high ongoing costs, suggesting alternatives like education or assets be prioritized.
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