China promised land for automakers

Foreign models pose beside a Roewe 750, made by Chinese carmaker SAIC Motor Corp. displayed at the Beijing International Automotive Exhibition November 22, 2006. China may still be the promised land for global auto makers but competition is set to reach new heights in coming years as consumers start buying cars for a second or third time and are more swayed by brand loyalty. China is the world's second largest automobile market after the United States