JPmorgan2005汽车行业分析.PDF

Asia Pacific Equity Research 05 July 2005 China Autos Cracks start to appear in auto market • In our report dated 17 June, we cautioned that the recovery in China China’s auto market might not be sustainable. We recently Automobile Manufacture contacted a number of dealers in Beijing and Shanghai, and found Frank Li that the recovery in China’s auto market seems to be losing steam (852) 2800-8511 earlier