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| | News Analysis: Why Price Cuts Bring No More Car Buyers in China? (Site not responding. Last check: 2007-11-04) |
 | | Domestic cars experienced the largest-ever fall in price recently, with the prices for the Santana, Jetta and Fukang dropped 5,000 yuan (602.4 US dollars) to 13,000 yuan (1,566.3 dollars) and the price war is still going on. |
 | | However, consumers remain calm, except for a slight increase in the sales of Fukang cars, the transaction volume of other cars did not increase in the Yayuncun car market, Beijing's largest, and the same situation was reported in many other cities. |
 | | Jia Xinguang, an expert with the Automobile Development Research Institute of the State Administration of Machinery Industry, blamed the price war on the fact that small-scale car enterprises expect to capture the market, and some companies are eager to sell out older car models in the process of producing new cars. |
| english.peopledaily.com.cn /english/200008/29/eng20000829_49243.html (535 words) |
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