Manufacturing Industry
Auto sales rapidly rising in China.(China experiencing increase in automobile sales)
Plastics News, March, 2003
Byline: Rhoda Miel The automotive industry is taking a major turn to the East and asking its suppliers to come along for the ride. Like the cell phone, electronics and computer industries before them, automakers are shifting production to China, seeking not only low-cost production of components, but complete car manufacturing for a nation that could be among the top five auto consumers by the end of this decade.
General Motors Corp. saw its sales in China more than triple in 2002. Volkswagen AG will generate an estimated 15 percent of its global pretax profit from China this year. By 2015, China's auto production capacity will approach 14 million vehicles annually, placing it near the same level as the combined countries of Western Europe and just a...
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