World Business News

General Motors and Ford reported record car sales in China for 2011, despite a slowdown in the market in that country.

Renewable energy's future is now in the developing world, analysts at accounting giant Ernst & Young claim, as cost-conscious and indebted industrial economies focus on investments like smart grid that can slow demand and cut costs.

The global electronics market will exceed $1 trillion for the first time this year, with continued gains for smartphones, tablets and Internet and LED TVs, the Consumer Electronics Association said in its 2012 forecast.

The primary reason, it is often argued, that China is an important market for many large U.S. companies is that its population has doubled since the early 1960s.