Word: kingo
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Dates: during 2000-2009
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...debt to indulge themselves. Despite having lower incomes, Chengdu ranks among China's three largest cities in the number of privately owned cars clogging the roads. GM's sales in Chengdu grew about 40% in 2006, twice that of Beijing. Zhao Jinhui, vice president of Chengdu-based Eastern Kingo Auto Group, a large Chevy dealer in China, says that 22% of his customers finance their purchases, compared with only 5% nationally. "In Beijing, when they get rich, they buy cars; in Shanghai, apartments. In Chengdu, they buy both," Zhao says...
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