Rise of China's Auto Industry and Its Impact on the U.S. Motor Vehicle Industry

The automobile industry, a key sector in China's industrialization and modernization efforts, has been developing rapidly since the 1990s. In recent years, China has become the world's fastest growing automotive producer. Annual vehicle output has increased from less than 2 million vehicles in the late 1990s to 9.5 million in 2008. In terms of production volume in 2008, China has surpassed Korea, France, Germany, and the United States, trailing only Japan. A disproportionate share of China's output was heavy vehicles in the 1990s. However, since 2000 China's growth has been led by an increase in passenger cars, which now account for more than 65% of its vehicle production.

Language

  • English

Media Info

  • Media Type: Print
  • Pagination: 29p

Subject/Index Terms

Filing Info

  • Accession Number: 01150549
  • Record Type: Publication
  • Report/Paper Numbers: CRS-R40924
  • Files: TRIS
  • Created Date: Feb 15 2010 12:25PM