Oh, to be in China

摘要

Short-term prospects for the auto industry are grim - unless you happen to be in China and other parts of Asia. First, the good news. Long-term prospects for the world auto industry are excellent. Despite pressures imposed by the need to tackle global warming, more vehicles will be made and sold in the next 20 years than in the previous no years history of the industry. This growth will be driven by the massive consumer preference for cars over other forms of transport.