The Modern Development Vectors of Chinese Automotive Market

Abstract

The article examines the essence and aspects of the Chinese car market development. The effect of this development on the structure of supply and demand for cars in different countries is analyzed. The features of the government sponsorship policy for new energy vehicles are characterized. It is estimated that China’s automotive industry ranks the first place in the world ranking for the number of manufactured and sold cars. The need to explore current tendencies in Chinese automotive sector and its impact on the global car market in general has been determined. There are made conclusions regarding measures to maintain China’s position on the global automotive market.