Chinese get off their bikes

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Chinese get off their bikes

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They are no longer a nation of cyclists as 1.2 million cars were shipped to Chinese dealers in September.

The China Association of Automobile Manufacturers said that is up 19.3 percent on the same month last year.

September is normally the best month for car sales in China in the run-up to the country’s National Day holidays.

Car makers have also been slashing prices to drive sales.

In August wholesale car sales in China began to rebound, rising 18.7 percent to one million units, according to data provided by CAAM.

Break-neck expansion in the world’s biggest car market has been tapering off since the second quarter as the government aims to keep the economy from overheating.

The upturn in demand since August could extend into October, industry observers said.

Fears that the government may scale back or even scrap its policy incentives in 2011 will also mean more buyers heading into showrooms in the fourth quarter, they added.