US has remained world’s largest auto market for more than half a century beginning with the Model T Ford until 2010, when China took the first spot after it’s 2009 sales jumped by 46 %. Chinese analyst have however commented that the incredible growth rate last year is not going to be repeated in 2010, further adding that Automakers will face rising challenges in China this year with slower demand growth and increasing competition. But the Chinese Government halved the sales tax on new vehicles to 5 percent and offered 5 billion yuan ($732 million) in cash to replace old …