Top 10 profitable industries in China
- By Jason Lee
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E-mail China.org.cn, July 18, 2016
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Automobile
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Automobile [sh.zyue.com] |
The net profit rate of automobiles in developed countries is almost fixed. The retail price of a car with a manufacturing cost of about $8,000 may not be higher than $10,000. Yet, it can be priced $11,000 in the Chinese market. The cost of producing constantly drops along with the rise of production efficiency. But the retail price of automobiles in China always stays high.
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