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News from China Auto Industry reports that the sale of China auto market gets a very rapid development in the year of 2009, up 40 percent year-on-year. According to the news from China Association of Automobile Manufacturers (CAAM for short as below) says, China totally produced 12.26 millions autos and sold 12.23 million in the first 11 months of the year.
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The figures also reveal that auto sales in China at last year were more than four times higher than in 2001. Currently, China"s auto market accounts for more than 13 percent of the world in total. Rapid auto development attracts more and more automotive multinationals to come to China. Regarding the future economic trend, many economists have a very good expectation and confidence.