Inside Look at China’s Automotive Market
(Akron/Tire Review) Special Report by Amy Antenora of AMN
Over the past few years, global competition in the automotive industry has significantly heated up. Wayne Xing, editor and publisher of China Business Update, addressed the country of particular Interest, during a presentation at the 2005 Global Automotive Aftermarket Symposium (GAAS).
GAAS was held this week in Chicago.
In recent years, China’s automotive industry has exploded as the country’s infrastructure and economy have begun to allow for and create increased interest in passenger cars. It took China 40 years to produce 1 million automobiles, from 1953 to 1992. Today, however, the Chinese vehicle market is expanding at an ever-increasing clip. It is estimated that this year, China will surpass 6 million vehicles produced.