China’s Automotive Sales Climb 5.7%, September 2017!
CHINA’S auto sales rose 5.7 percent to 2.71 million vehicles in September from a year ago as momentum continued amid rising demand and strong economic growth. In the first nine months of the year, auto sales added 4.5 percent to 20.22 million units, according to data from the China Association of Automobile Manufacturers. The sales growth momentum in September continued from August whose sales expanded 5.3 percent. Analysts predicted that sales will further grow steadily till
China Aims To Be An Auto Powerhouse!
CHINA is aiming to become a world automaking powerhouse in a decade, vowing to boost development of new-energy vehicles and relax restrictions on foreign ownership in the auto industry. The country will strive to achieve breakthroughs in key technologies and markedly increase the share of Chinese brands in the international auto market by 2025, according to an auto industry development plan released yesterday by three government departments, including the Ministry of Industry
China Association of Automobile Manufacturers & Foreign investors.
The domestic Chinese auto market has seen an increase in foreign investors to the extent that they now make up the majority of the Chinese auto market for the first time in a long while. While China is dominating the markets in technology and other industries their domestic auto market has not seen as big of advances as they would have hoped going up against bigger and more prepared foreign automobile manufacturers. The China Association of Automobile Manufacturers (CAAM) doe