DEVELOPMENT OF CHINA'S AUTOMOTIVE MARKET
China's passenger vehicle market ended last year with a 59 percent
year-on-year sales increase to surpass the United States as the world's
largest auto market for the first year, thanks to the central
government's stimulus package.
The number of vehicle sales was largely boosted by the governments's
stimulus policies for lifting market demand, which included tax cuts on
small-displacement automobiles, subsidies for tradeins and subsidies
for farmers to buy vehicles.
To further support the world's fastest growing auto market, the Chinese
government said last month it will extend stimulus measures in the
automobile industry for one more year.
The government's continued support for the industry promises to fuel its rise for the coming years.
Automobile industry consulting firm Sinotrust predicted that vehicle
sales will reach 15.13 million units this year, with a year-on-year
growth rate of 15.2 %.
Accoring to the Ministry of Public Security, until the end of last
year, almost 200 million Chinese people are able to drive a vehicle,
making up about 15 % of the country's 1.3 billion population.
Natural demand will continue to expand in the next few years.
Auto Shanghai 2011 combines all
benefits of a large-scale comprehensive trade fair which serves as an
international platform for exhibitors and visitors.
Auto Shanghai 2011, on the basis of the success of the past edition,
its innovative concept and first-class will again converge all the
automotive giants to lead the splendid future of the automotive
industry. Auto Shanghai, as one of the two leading trade fairs for the
automotive industry in China has received large numbers of exhibitors,
visitors and media from all over the world ever since 1985.