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General Motors has sold more cars in China than in its home market in the U.S. for the first time. The figures reflect the growing importance of the Chinese market to the company's global recovery.
GM and its Chinese joint venture sold 1.2 million cars in the first half of the year, an increase of almost 50 percent from the same period last year. Although sales in the U.S. marked a rebound, GM still relied on emerging markets such as China to boost sales and profit after driving out of bankruptcy.