China’s standard of living, at least in the cities, has improved dramatically. Households are enjoying cars and other modern amenities as incomes rise. But traffic, stress and inflation detract from the quality of life....More
“We have learned a lot from joint ventures, but China must be able to develop its own core technologies,” Guo Konghui, a Jilin University professor, says as Changchun hosts its auto show and VTI technology conference here....More
The 9th Changchun International Automobile Expo began Sunday, July 15, and the nine exhibit halls were quickly jammed with an emerging middle class eager to buy cars, SUVs, cross/utility vehicles and minivans.
The power and prestige of senior Chinese officials and their taste in cars may prove the new restrictions on imports to be a paper tiger. Previous attempts to curb government spending on expensive foreign makes have failed....More
China may be the world’s largest automotive market, but heavy reliance on foreign technology and weak R&D capability among local producers makes it a mere “factory” for global car makers, one analyst says....More