Car society replacing bike kingdom_经济Business
the auto industry in china has great potential to increase in the next two decades alongside the nation’s steady economic growth, but huge challenges exist.
china’s vehicle output is expected to grow on average by 10 to 15 per cent during the next 20 years, said zhang xiaoyu, chairman of the china association of automobile manufacturers, china daily reported thursday.
annual vehicle output in china is forecast to reach 10 million units by 2010 and 17 million by 2020.
vehicle numbers in china will increase by six times to 140 million units by 2020 from last year, according to the ministry of communications.
the number will ultimately reach 240 to 250 million vehicles with the proportion of ownership about 150 units to every 1,000 people, the ministry predicted.
at present, the vehicle number per 1,000 people in china stands at 20 units, compared with an average world level of 120 units.
from 2000 to 2020 china’s gross domestic product (gdp) will quadruple to us$4,000 billion.
per capita gdp will reach us$3,000 by 2020, up from us$1,000 currently.
with greater numbers of people owning cars, china is progressing from a kingdom of bicycles towards an automobile society.
the trend will not be altered because an increasingly rich population will buy cars as a means of improving its living standards, said chen qingtai, deputy director of the development research centre of the state council.
china’s vehicle output is expected to grow on average by 10 to 15 per cent during the next 20 years, said zhang xiaoyu, chairman of the china association of automobile manufacturers, china daily reported thursday.
annual vehicle output in china is forecast to reach 10 million units by 2010 and 17 million by 2020.
vehicle numbers in china will increase by six times to 140 million units by 2020 from last year, according to the ministry of communications.
the number will ultimately reach 240 to 250 million vehicles with the proportion of ownership about 150 units to every 1,000 people, the ministry predicted.
at present, the vehicle number per 1,000 people in china stands at 20 units, compared with an average world level of 120 units.
from 2000 to 2020 china’s gross domestic product (gdp) will quadruple to us$4,000 billion.
per capita gdp will reach us$3,000 by 2020, up from us$1,000 currently.
with greater numbers of people owning cars, china is progressing from a kingdom of bicycles towards an automobile society.
the trend will not be altered because an increasingly rich population will buy cars as a means of improving its living standards, said chen qingtai, deputy director of the development research centre of the state council.