Report: 'New' economies to boost global auto sales
By Li Fusheng | China Daily | Updated: 2014-07-21 07:16
Demand from BRICS nations to keep growth momentum ticking
Emerging economies, especially China, will be the largest market for light vehicles in the next five to 10 years, according to a report from IHS Automotive Consulting.
The report projects that the Chinese market will account for about 30 percent of vehicles sold globally in 2020, a surge from 23 percent in 2012.
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