e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Weekly Watch
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

ECONOMY
Weekly Watch> WEEKLY WATCH NO. 49, 2010> ECONOMY
UPDATED: December 3, 2010 NO. 49 DECEMBER 9, 2010
Fewer Auto Sales
Share

After years of booming sales, China's auto market might experience a slowdown in growth in 2011.

Auto sales growth in the Chinese market will reach 30 percent in 2010, but might slow to 10 percent in 2011, according to a report from the U.S.-based J.D. Power and Associates.

Chinese officials have recognized the troubles brought on by the rapid increase of automobiles on the street, including traffic congestion, pollution and unrestrained expansion of production capacities, according to Zhu Ming, an analyst at the U.S. research company.

The current stimulus policies of auto purchasing might be stopped in 2011, restricting people's willingness to buy.

In 2010, domestic automakers used about 88 percent of their manufacturing capability, while some joint ventures with foreign companies were running 24-hours a day, and seven days a week to meet demands.

Analysts warned that automakers will be challenged with managing a surplus in production next year if sales stagnate.



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved