china market analysis China is also making every possible effort to become the world’s leading producer of new energy vehicle. Chinese government has recently announced various incentives and subsidies to boost the new energy vehicle market and to become the world’s largest producer of electric cars in the next three years. After the announcement, various big players, including investor Warren Buffet, BMW and Toyota, and leading Chinese auto manufacturers like Chery Automobile and Geely Automobile, are entering or planning to enter the promising green vehicle market of China.
china industry research Chinese mobile handset makers in 2012 are set to nearly double their shipments of smartphones to more than 100 million units, spurred by factors including the growing interest among the local populace, improved telecommunications infrastructure and increased affordability of the devices, according to an IHS iSuppli China Research topical report from information and analysis provider IHS.
- China’s motor vehicle production and sales increased by 27.32% and 25% over the year 2005 respectively and sales crossed 7 Million Units in 2006.
- China's car consumption showed a CAGR of 54.42% from 2001 to 2005.
- Per 1000 people passenger car penetration of China was around 11 units in 2006. This was significantly lower than other countries.
- Despite the squeezing pollution regulations, the motorcycle production and sales surpassed 21 Million Units mark in 2006.
- Per capita GDP (which is an indicator of the purchasing power) of China has risen steadily. It was less than US$ 1000 in the year 1991 and was around US$ 7600 in 2006.
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