Other components of demand, such as consumption and construction, are recovering slowly, if at all.

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Land Rover's global brand director, John Edwards, is hopeful the Evoque's lightweight construction and relatively low fuel consumption and emissions make it well suited to the job.

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Additional carbon footprint savings will come from reduced office energy consumption, roadway repairs, urban heating, office construction, business travel and paper usage (as electronic documents replace paper).

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Personal consumption grew a puny 1.3% in Q2, and housing construction, as you might have guessed, sank 7.5%.

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Recent economic expansion has been driven by construction, mining, and private investment, exports, and domestic consumption.

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"With the construction sector still in a slump, the domestic economy, particularly private consumption, has a long way to go, " said Mr Oh of Standard Chartered.

BBC: S Korean growth picks up pace despite fragile outlook

Private consumption grew 1% in the first quarter from the previous three month, while the construction sector continued to decline, contracting by 1%.

BBC: S Korean growth picks up pace despite fragile outlook

"The construction of affordable homes will help curb excessive price rises and fuel urbanization, which will in turn unleash consumption and investment potentials and push development of related industries, " Mr. Li said.

WSJ: China's Population Shifts to Cities