Overview of China Automobile and Components & Parts Industry

China’s national economy has kept steady and fast growth since 2000. From 2001 to 2007, the automobile industry was in the golden age. In 2001, the automobile production volume and sales volume reached 2.2469 million sets and 2.3585 million sets respectively in China. The production volume and sales volume of automobiles was 8.7486 million and 8.7915 million by 2007, at an annual growth rate of 25.43% and 24.52% respectively. Despite the global financial crisis since 2008, the domestic automobile industry has enjoyed a rapid growth because of the supportive government…

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