China Auto Market Soars

www.chinabuses.org: News from CAAM reveals that China's auto market has maintained a growth rate of more than 20% in the past few years and this year's sale is expected to reach 12 million vehicles. China's auto market is certainly going to be the largest one in the world. Chinese auto market will enter a rapid increase in the next 5 to 10 years.

According to auto analysts tell that there are several factors will affect customers' confidence to buy autos. They are as follow: domestic demands, income level and consumption pattern.  Now, all of these factors in China go forward to positive development. However, compared with other emerging economies like Russia, Thailand and Brazil, there is still a large gap.

 

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