China becoming focus of global automobile sector
By Jing Shuiyu | China Daily | Updated: 2018-01-03 08:03
China's automotive market is likely to remain the primary source of growth for the global industry in the foreseeable future, with self-driving cars gaining more market share, research indicates.
The country's auto market rebounded in 2016 from an earlier period of slow growth, with 22.8 million cars sold, according to a report by global management consulting firm McKinsey & Co.
Although sales are expected to increase by a relatively modest 5 percent every year through 2022, this will nonetheless equal 53 percent of total growth in the global market, the report said.
Photo