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Global automakers look to China

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Uploaded on Apr 25, 2011

This year's Shanghai Auto Show is an important event for global car makers who are increasingly looking to China. CCTV reporter Zou Yun discovers how some of these companies plan to tap into the world's largest auto market.
Zou said, 58 cars for every 1000 Chinese citizens that's the number of cars owned here now. Each figure tells a story, and the story told by this figure is probably the vast room and potential business opportunities for the further growth of China's auto sector. Or in other words, it's still all about market.
Experts say the phasing out of preferential purchasing policies, introduction of vehicle purchase restrictions, the cost of oil rising, and the impact left by Japan earthquake will make selling cars in China more challenging. But even so, the majority of Chinese consumers'desire for buying cars will not be dampened.

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