Last year, China easily surpassed the US in total car sales
to become the world’s largest automotive market. China’s
vehicle sales of 13.64 million units were more than 2 million
units ahead of the second largest market, the United States.
The astonishing growth in car demand was a direct result
of many factors that continue to fuel China’s economy. This
includes aggressive tax cuts as well as significant investment
made in the development of the infrastructure to support
transportation.While aggressive tax cuts and subsidies
have been behind much of the demand growth in 2009, the
question remained regarding how stable and sustainable this
growth would be in 2010.