China's consumption of automotive components will post an average annual growth rate (AAGR) of 15% over the next four years, reaching RMB480 billion ($58 billion) in 2009, concludes a report by Business Communications Co. Inc. BCC says just shy of RMB248 billion ($30 billion) in automotive components was purchased in China in 2004. Chinese Auto Components Consumption ($ Millions) Com- ponent Type 2004 2009 AAGR % 2004- 2009 Total parts 28,800 58,000 15.0 Engine parts 4,320 8,688 ...
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