Home > Global Finance, Indian Economy, Politics, Uncategorized, World Economy > China beats US as biggest auto mart- International Business-News-The Economic Times

China beats US as biggest auto mart- International Business-News-The Economic Times


China overtook Japan in 2006 to become the world’s second-largest vehicle market, thanks to strong sales to the country’s fast-growing middle class. With 1.3 billion people, China was bound to catch up with the US population 300 million at some point, but the dramatic contraction of the American market could make that happen sooner than expected.

Of course, if US sales recover strongly in coming months, outpacing those in China, the American market would remain the world’s biggest. (via China beats US as biggest auto mart- International Business-News-The Economic Times).

I am not sure if this is good news – for China or the world. This is just copying the Western urban model – and India may also be on the way to become a copy cat too.

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