China Automobile Market Is Growing at Healthy Rate Despite Slowdown
The Chinese automobile industry is witnessing significant growth over the past few years, making it the largest automobile market of the world. Despite current economic slowdown in the country, the industry is not facing downturn. Some of the prominent factors driving market growth include emerging middle class, rising income levels and large production base. Government initiatives, in particular, have been exceptional and are expected to be of utmost importance in the future as well. Thus, the automobile sale in China...
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