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In recent years, the Chinese auto industry has seen rapid growth, with the demand on private cars rising sharply in Chinese cities since 2002.
By 2009, China has replaced the U.S. to become the world's largest auto market. As an important part of the world car industry, the global auto industry will shift further to China. This brings historical opportunity to China's auto market.
Currently, both the development of China's auto market and the changes in consumer demand for vehicles are ever -increasing. China's auto industry will continue to grow in the next decade. It means there is still huge room for its development. China has an urban population of more than 600million. It also has a huge agricultural vehicle market in the rural areas. Hence, there is no doubt for China's development of auto industry. That is also the reason why the world's auto producers are paying more attention to the Chinese market.
()26. The demand on private cars increased greatly in Chinese cities since 2002.
()27. China has become the world's largest auto market.
()28. China's auto industry tends to decrease in the next decade.
()29. China has an urban population of less than 600 million.
()30. The reason why the world's auto producers are paying more attention to the Chinese market is that China's auto industry developed very quickly.