BMW Q1 sales surge in China
Updated: 2011-05-05 09:25
FRANKFURT - BMW's sales in China jumped 72 percent in the first quarter as a growing army of super-rich in the country fuels demand for luxuries such as Gucci handbags and Rolls-Royce cars, according to a Reuters report.
But China's car market -- the world's biggest ahead of the United States -- is expected to cool this year amid rising fuel prices and tighter rules on registration after surging by a third to a record high in 2010.
China and the US hold the third round of the Strategic and Economic Dialogue from May 9-10 in Washington.
Coastal city banks on marine sector to ride next stage of economic development
A military parade marking the 66th anniversary of the Soviet victory over Nazi.