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IMAG - Auslands Messen | Trade Fairs | Trade Shows | Termine MESSE MÜNCHEN INTERNATIONAL


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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.

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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.



Visit our Trade Fairs:

RUSSIA
25 - 29 August 2010
Moscow

KOREA
Seoul Motor Show 2011
02 - 10 April 2011
Seoul

CHINA
Auto Shanghai 2011
21 April - 28 April 2011
Shanghai
www.auto-fairs.com


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