Here is the fact:
- U.S. auto sales: tumbled 37 percent in January to a 26-year low of 656,976 units
- Chinese vehicle sales: cooled by 14.4 percent , but still sold 735, 000 vehicles
- 2009 projection: China - 10.7 million units; U.S. sales - 9.57 million
- Chinese government policy: sale tax cut by half to 5 percent for cars with engines less than 1.6 liters; 5 billion on subsidies to farmers to replace 3-wheeled vehicles; another 10 billion is used to upgrade automakers' technology and develop alternative energy vehicles
- 2008, China's auto sales grew 6.7 percent
