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Geely Group is looking to Swedish brand Volvo to boost domestic sales. The $2bn capture of the distressed GM unit will be bought by Geely for both domestic and overseas sales.

TREND #8: China’s Rapidly Changing Demographics and Growing Demand in Lower Tier Cities The dramatic rise of China’s automotive industry, in terms of both consumer demand and production supply, is truly unprecedented in the history of the industrialized world. No country has risen from a nearly standing start to the size and scale that China has achieved in such a compressed time frame. It was, after all, just 17 years ago when Deng Xiaoping made his now-famous visit to Shenzhen where he announced the creation of Special Economic Zones and thereby sparked China’s wave of economic momentum. The logical question to ask is whether this momentum is sustainable, particularly as it relates to the most iconic of consumer goods: the automobile.