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Posted by Daniel Workman Jun 4, 2006 |
In 2005 China's auto industry slows to a 10% growth rate and is considered a disappointment. For the rest of the world, 10% would be considered an accomplishment.
Fact is that Chinese demand for vehicles has risen by double and triple digits since the late 1990s. American, European and Japanese automakers have invested tens of billions of dollars in China as a way to ride the boom in Chinese auto sales.
In short, China is where the money is, baby. The 10% slowdown is just a blip in the tidal wave of Chinese auto demand.
And that's why we wanted to focus on China's automotive exports and imports. To share in a piece of this Chinese pie, other countries are launching branch plants and joint ventures within China.