China Seeks To Limit Automotive Imports To 50% Market Share

China's government wants its domestic-brand vehicles to account for 50 percent of its passenger-vehicle market by 2015. The country is looking to reduce its reliance on foreign automakers after years of doing assembly work for them.

A revised blueprint for China's auto industry targets China's self-branded cars to take 40 percent of the nation's total car market in the same time frame, said the Ministry of Industry and Information Technology in a proposal.

Total sales of Chinese-brand passenger vehicles, including cars, sport-utility vehicles, minivans and multipurpose vehicles, hit 4.09 million units for the first 11 months of this year, accounting for 44 percent of the auto market.



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Htay7500 - 1/4/2010 4:55:47 PM

+3 Boost

Ughhh.

delan - 1/4/2010 10:51:20 PM

+1 Boost

What?

Yonder7 - 1/4/2010 5:54:48 PM

+1 Boost

Take Note America, Japan, Europe....so If you want to sales your expensive cars in China, You'll have to allow them to sale their cheap cars in your respective countries.

nguyenvuminh - 1/5/2010 1:59:20 AM

+2 Boost

huu, where are you? this is right up your alley.