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As the biggest car market in 2009, China will continue to bring up the global market in 2010. This is forecasted in an Industry Blue Paper announced by China Academy of Social Sciences.
The paper said that scine the 11th Five-years' Plan period, China's automotive industry has gone into a new era. The market scope and the scale of production expands speedily, the import and export increase in a high-speed. The international market share has risen steadily.
Based on the Trade Competitiveness Index, China's automotive industry has outstripped America in 2004. Along with the index's enhance, China will be a net exporter of automobile products in the 12th Five-years' Plan.
Finally, the paper forecast that with the global economic recovery, the automobile market consumer credit environment will be greatly improved by 2010.