From the Detroit News all the way to the Miami Herald, you will receive the good news that “China’s July auto sales are up 6.7 percent.” They are not. According to data released by the China Association of Automobile Manufacturers (CAAM), automobile production in China rose 1.26 percent in July to 1,306,100. Sales rose 2.18 percent to 1,275,300. In case you don’t read Chinese, China Daily provides a translation. The numerical crime was perpetrated again by the Associated Press. The AP is a repeat offender. (Read More…)
Posted in Are You Ready For..., China, Emerging Markets, News Blog, Sales
Tagged as Ap, Associated Press, Bertel Schmitt, China, July 2011, new car sales, Sales
Tagged as Ap, Associated Press, Bertel Schmitt, China, July 2011, new car sales, Sales
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