RTHK Hong Kong, January 7, 2013
Click here for a link to the full program (interview begins at ~23 min)
8.25 am - China's car industry
China overtook the US to become the world's biggest car market in 2009. Sales in 2012 expected to exceed 19 million cars. China is set to produce more cars than Europe this year for the first time.
We were joined by Bill Russo, former head of Chrysler in China and founder of Synergistics, a China business advisory firm. He joined us to discuss China's car market which is starting to grow more slowly as the nation's roads get increasingly congested.
"The market is arriving at an inflection point. Post financial crisis growth was largely correlated with the growth of the urban middle class," said Mr. Russo.
China overtook the US to become the world's biggest car market in 2009. Sales in 2012 expected to exceed 19 million cars. China is set to produce more cars than Europe this year for the first time.
We were joined by Bill Russo, former head of Chrysler in China and founder of Synergistics, a China business advisory firm. He joined us to discuss China's car market which is starting to grow more slowly as the nation's roads get increasingly congested.
"The market is arriving at an inflection point. Post financial crisis growth was largely correlated with the growth of the urban middle class," said Mr. Russo.
Click here for a link to the full program (interview begins at ~23 min)
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