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China's gigantic car market, which had been in the fast lane for years, is now hitting speed bumps, yet the country's leading industry association said it remains cautiously optimistic about the market this year.
China's latest policies on recycling scrapped motor vehicles are to take effect from September, according to the Ministry of Commerce, and they are expected to help create a market worth a 100 billion yuan (.39 billion) to sustainable development of the automobile industry.
China's electric car market, the largest of its kind worldwide, is no short of shooting-to-stardom stories. For instance, the country's largest battery maker, CATL, is merely eight-year-old and it has made onto the supplier list of carmakers from Volkswagen to Toyota and BMW.
China's increasing flows of people -- particularly students and tourists -- is an expanding business opportunity for businesses in destination countries, so companies can take advantage of such trends by adapting to Chinese tastes.
China's economy is operating within a reasonable range, maintaining stable, coordinated and sustainable development, said NBS spokesperson Xing Zhihong, "laying a solid foundation for achieving the annual target."
来源：资阳报