A year of leaps in progress
Editor's Note: China is the world's largest and probably fastest-growing auto market, where breaking news happens every day: exciting innovation, history-making moments, far-reaching policies or outrageous scandals. Below are China Daily's senior motoring editors' picks of the top 10 events that shook or shaped China's auto industry since last year. They offer readers a quick review of what happened and some insights into what is around the corner.
Tempered expectations for growth in industry A slowdown in China's economy has led to a concurrent slowdown in the vehicle market, although in the first quarter of the year, vehicle sales in China rose by 5.98 percent year-on-year to 6.53 million units, according to the China Association of Automobile Manufacturers, beating 2015's growth pace. It is widely seen as impossible for the auto industry to regain double-digit growth, which will exacerbate competition between carmakers and further bring down prices. The auto association has predicted that vehicle sales in China will grow 6 percent this year. Liu Jiao / For China Daily
|