Few car markets in history have risen as far and as fast as China and many automakers rightly view China as the industry’s new center of gravity, according to an article from McKinsey.
The country makes and sells more light vehicles than any other nation; so many, in fact, that in 2016, 40 percent more cars were sold in China than in all of Europe.
To get here, the overall passenger-vehicle market has reliably grown at double-digit rates, with most analysts expecting it to expand at a somewhat slower 5 to 10 percent annual pace through the end of the decade.
Yet some indicators appear to suggest that the market is simply catching its breath for another sprint.
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