Arab Today, arab today 30 m new cars will arrive in the chinese market in 2018
Last Updated : GMT 06:13:57
Arab Today, arab today
Arab Today, arab today

30 M. New Cars Will Arrive in the Chinese Market in 2018

Arab Today, arab today

Arab Today, arab today 30 M. New Cars Will Arrive in the Chinese Market in 2018

Beijing - Arabstoday

Despite a slowdown in growth rate, the Chinese new car market will grow by 66 percent in 7 years. Three years ago, China became the world\'s biggest car market in sales. That isn\'t going to change anytime soon, even with the slowing of the Chinese economy. Therefore, J.D. Powers is now predicting sales of 30 million cars in China by 2018, up from 18 million cars last year that, in relative terms, was a poor year.The Chinese market grew by just 5 percent, though this year analysts are expecting 10 percent growth. The growth decline is attributed to the cancellation of tax incentives for small cars. In addition, there are restrictions on license plates in the heavily congested mega-cities. Geoff Broderick, a J.D. Power analyst, told blogs.wsj.com that growth is expected in second and third tier Chinese towns, mainly toward the west of the country where the standard of living is improving.Income is expected to rise, but car ownership is low and there is no restriction on license plates.\"We\'re bullish on China,\" Mr. Broderick said. \"The whole center of gravity in the global auto market has shifted from the West to the East, and this (China) is where we\'re going to see action, at least over the next several years.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today 30 m new cars will arrive in the chinese market in 2018 Arab Today, arab today 30 m new cars will arrive in the chinese market in 2018

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today 30 m new cars will arrive in the chinese market in 2018 Arab Today, arab today 30 m new cars will arrive in the chinese market in 2018

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Auto: أخبار السيارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday