Dong Yang of the China Association of Automobile Manufacturers (CAAM) offers his forecast on China’s ‘peak auto’ figure. Last year 24.59 million vehicles were sold there, with Dong saying he bases his forecast on local ownership levels matching South Korea’s (400 cars for every 1,000 people). CAAM pre- dicts Chinese car sales will grow 6% this year, up from 4.7% last year.
© ChinTell Ltd. All rights reserved.
Sponsored by HSBC.
The Week in China website and the weekly magazine publications are owned and maintained by ChinTell Limited, Hong Kong. Neither HSBC nor any member of the HSBC group of companies ("HSBC") endorses the contents and/or is involved in selecting, creating or editing the contents of the Week in China website or the Week in China magazine. The views expressed in these publications are solely the views of ChinTell Limited and do not necessarily reflect the views or investment ideas of HSBC. No responsibility will therefore be assumed by HSBC for the contents of these publications or for the errors or omissions therein.