The popular phrase is tiger economy, but we might just as easily call China's progress a kangaroo economy because of the way its cars market is bounding ahead. In 2009 it overtook the US market to become the world's largest. More than one million new cars hit China's roads every month, yet only five per cent of the 1.4 billion population own cars. Some forecasters calculate that by 2020 the Chinese will be buying 30 million cars a year and that the national car population there will be heading for 200 million.
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