Further growth expected for auto industry
By Matthias Wissmann | China Daily | Updated: 2014-07-08 07:08
German players to continue increasing commitment to 'important market'
In recent years no other country has enjoyed such rapid automotive growth as China.
Since 2000, the country's passenger vehicle market has expanded almost thirty-fold - from 614,000 units to more than 16.3 million new cars in 2013. This accounted for more than one fifth of the global market. And the market volume in China has almost trebled just since the year 2008.
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