China Now the World

Statistics from the China Automotive Industry Association (CAIA) indicate that China has surpassed Japan as the second-largest auto market in the world, behind the US.

The total number of automobiles sold in the Chinese market reached more than 5.9 million in 2005, outstripping the 5.8 million of the Japanese market. Of those, 5.76 million were produced domestically, the remainder were imports. Sales have risen dramatically from the 2.73 million units sold in 2001. As a percentage of global sales, China now represents 8.7%, up from 4.3% in 2001. Furthermore, in 2005, China accounted for 23.2% of the total global growth.

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