Domestic Auto Market Growth Geared Up for Fast Lane

(Beijing) – China's auto industry is projected to grow by 10 to 15 percent over the course of the 12th Five-Year Plan, according to Dong Yang, secretary general of the China Association of Automobile Manufacturers.

At the Ninth Summit of the Chinese Automobile Industry Conference in Shanghai on October 29, Dong said an increase in the rate of vehicle production and sales should be 1.5 times GDP growth. China's auto industry has experienced sales growth 2.4 times compared to GDP.