Overview of China’s Automobile Industry

The automobile industry in China has exhibited strong growth in recent years amid China’s rapid economic growth, continuing urbanization and increasing levels of householdconsumption. According to the National Bureau of Statistics of China, in 2016, the automobilemanufacturing industry ranked third among the major industry sectors in China in terms ofrevenue generated from industrial enterprises whose principal business is automobilemanufacturing. Passenger and Commercial Vehicle Market in China Market Segmentation There is no uniform standard used to classify the segments of China’s passenger and commercial vehicle market. China’s passenger and commercial vehicle…

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