Motorization of the population of China continues to grow despite the global crisis. According to the analytical "Avtostat", referring to the China Automobile Industry Association, the production and sale of cars in the Middle Kingdom in January - November, broke the mark of 12 million units, which will strengthen the status of the Chinese car market as the largest in the world. As a result, production and sales of automobiles in the country could exceed 13 million vehicles. According to provisional data, in November, there were sold 1.35 million vehicles.
Recall, for the last year in the Middle Kingdom were sold just under 10 million cars. The sharp rise in sales this year due to Chinese government policies aimed at stimulating active automotive market. The PRC leadership is implementing a program of "money in exchange for an old car," similar to those used in the current year in the U.S. and Europe. Also wish to buy a new car provide power all sorts of benefits and subsidies.
High rates of growth in car sales in China due to low base effect. Until recently, the level of motorization of China remained extremely low. Today, this fact opens up the market Celestial very good growth prospects. Increased car ownership is one element of government anti-crisis program aimed at stimulating domestic demand. Given the fact that the country realized the machine mostly of local manufacture, results of operations of the Chinese authorities can be considered successful.
The sharp rise in car sales in times of crisis can also be explained by the fact that China's consumer market has been prepared for him in previous years, marked by moving much of the population in the city and increase its prosperity.
The growing level of motorization and the Middle Kingdom can be a very interesting indirect effects. The well-known proverb which says that if only half of the Chinese peresyadut with bicycles scooters, world oil consumption will double, beginning to be realized in practice. The growing number of private vehicles in countries such as China and India, is a guarantee of growth in the consumption of black gold in the world and as a consequence - rise in world oil prices. This is of vital importance for Russia, for which the state of the world oil market is a guarantee of economic stability.
Recall, for the last year in the Middle Kingdom were sold just under 10 million cars. The sharp rise in sales this year due to Chinese government policies aimed at stimulating active automotive market. The PRC leadership is implementing a program of "money in exchange for an old car," similar to those used in the current year in the U.S. and Europe. Also wish to buy a new car provide power all sorts of benefits and subsidies.
High rates of growth in car sales in China due to low base effect. Until recently, the level of motorization of China remained extremely low. Today, this fact opens up the market Celestial very good growth prospects. Increased car ownership is one element of government anti-crisis program aimed at stimulating domestic demand. Given the fact that the country realized the machine mostly of local manufacture, results of operations of the Chinese authorities can be considered successful.
The sharp rise in car sales in times of crisis can also be explained by the fact that China's consumer market has been prepared for him in previous years, marked by moving much of the population in the city and increase its prosperity.
The growing level of motorization and the Middle Kingdom can be a very interesting indirect effects. The well-known proverb which says that if only half of the Chinese peresyadut with bicycles scooters, world oil consumption will double, beginning to be realized in practice. The growing number of private vehicles in countries such as China and India, is a guarantee of growth in the consumption of black gold in the world and as a consequence - rise in world oil prices. This is of vital importance for Russia, for which the state of the world oil market is a guarantee of economic stability.
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