China passes Japan as No. 2 auto market
http://www.chinacarforums.com
BEIJING - China surged past Japan last year to become the world's No. 2
vehicle market, behind the United States, as car purchases by newly
affluent drivers jumped 37 percent, China's auto industry association
said Thursday.
The announcement highlighted China's lightning evolution from a
"bicycle kingdom" into a major auto market. Foreign producers are
racing to open factories and target a growing urban middle class.
Struggling U.S. automakers General Motors and Ford have gotten a boost
from double-digit sales growth in China.
Fnews-brouse 1.9(20180406) -- by Mizuno, MWE <mwe@ccsf.jp>
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