Date
19 November 2017

China car market to cruise to another strong year, Reuters says

Economic stimulus measures and robust demand for cars in China’s smaller inland cities will help the world’s biggest auto market sustain momentum, Reuters reported, citing industry executives and analysts. The new year should mark a second year of double-digit growth for China after sales expansion rates slumped to 2.45 percent in 2011 and 4.33 percent in 2012, the report said. Last year the Chinese market rebounded convincingly, with sales growing 13.9 percent to 21.98 million vehicles, according to the China Association of Automobile Manufacturers. “If things continue well, there’s a good chance that the automobile market in China will grow again double-digit this year,” Hubertus Troska, head of Daimler AG’s Greater China operations, said.

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