China Expects Double-Digit Growth for Its Automotive Market in 2010

China, now the world’s biggest automotive market, expects its car sales to see a double-digit increase in 2010, as Dow Jones reports via Gasgoo.

The Chinese Government believes the growth is possible, as it will continue to offer subsidies, albeit smaller than 2009’s ones, to boost car sales and allow people to enjoy the benefits of modern motoring.

"I believe double-digit growth shouldn't be difficult, although growth won't be as high as last year," Chang Xiaocun, head of the Ministry of Commerce's market system construction office, told the aforementioned source.

China’s population still needs to buy new cars, although major cities such as Beijing have already renewed and enlarged their vehicle pool, the official added. He explained that 2009’s growth was driven by public demand, not state purchase.

2009 was an historical automotive and economic landmark not only for China but for the whole world, as the country’s auto market saw a 46 percent increase to 13.6 million units, thus surpassing the U.S. as the world’s largest automotive market. (This was the first time in history when the U.S. lost its supremacy).

Last year, the world was shaken by the news as this was expected to happen many years later. However, analysts predicted that the U.S. and China will switch the lead for a number of years, with China eventually securing the top position. It looks like the Chinese are determined to exceed that expectation as well.
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About the author: Andrei Tutu
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In his quest to bring you the most impressive automotive creations, Andrei relies on learning as a superpower. There's quite a bit of room in the garage that is this aficionado's heart, so factory-condition classics and widebody contraptions with turbos poking through the hood can peacefully coexist.
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