Growth weak as consumers remain on sidelines.
Report
August 11, 2015
China Economic Update – August 2015
China’s auto industry may be reaching its domestic limit, but is not yet ready to take on the world. The industry has experienced spectacular growth over the last decade – reflecting in part a broader evolution in China’s industrial sector over this period. At a national level, China has lost competitiveness to a range of emerging economies in Asia.
China’s auto industry may be reaching its domestic limit, but is not yet ready to take on the world
China’s motor vehicle industry has experienced spectacular growth over the last decade – reflecting in part a broader evolution in China’s industrial sector over this period. At a national level, China is no longer the global factory for low value added, labour intensive manufacturing – having lost competitiveness to a range of emerging economies in Asia –while production of more complicated, higher valuegoods (such as motor vehicles) has expanded. That said, China’s auto manufacturing industry is still in its infancy, with producers still some way from having a foothold in global markets.
For the full report, please see the attached document.
