Chinese Car Market Will Grow by 8 Percent in 2014
A few decades ago, the streets of Beijing, Shanghai and Guangzhou were dominated by bicycles. But now, people have ditched their bikes in favor of cars. Such is the demand of the Chinese car market now that major automotive companies worldwide are presently putting the country in their sights. Even luxury car brands like Mercedes, BMW and Audi have shifted their focus on the Chinese car market due to its booming demand and very promising market. According to the China Car Times website, China Association of Automobile Manufacturers (CAAM) has predicted that the Chinese car market will grow by 8 percent this 2014. The association has based its assumption from… Continue Reading »