China: The land of opportunity?--For stampers looking to diversify globally, China may provide unexpected opportunity

摘要

Upon hearing the word China, many suppliers' first association likely would be low-cost manufacturing or outsourcing. We tend to think of China as a source of competitors, not customers. For certain manufacturers, however, this does not always have to be the case. Due at least partially to government-led sales incentives, the automotive market in China has continued to enjoy unprecedented growth, even as much of the rest of the world deals with the worst economic slump in decades. Chinese automotive sales and production are pacing ahead of U.S. sales this year. Even if the U.S. regains the lead over Chinese sales and production levels next year, China is nearly certain to retake the top spot eventually Its population, enjoying ever-increasing income, is simply too big.