China auto market to keep 8% growth annually
Dec 03, 2012
Global management consulting firm McKinsey said on Wednesday that China's auto market, the world's largest, will slow down and keep a 8% growth annually from now until 2020.
From 2005 to 2011, the average growth of China’s auto market kept at 24% per year. McKinsey said now Chinese consumers are growing more sophisticated about cars and their tastes are evolving. But China will remain the world’s largest auto market in the future. It is predicted that there will be 22 million passenger cars in China in 2020.
Source：cnautonews.com
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