Per-Capita Car Ownership in China to Climb 67% by 2010
24 May 2006
The per-capita car ownership ratio in China will increase by 67% to 40 cars for every 1,000 citizens by 2010 from the current 24, according to a report by Chinanews. By contrast, the US has 765 vehicles per 1,000 (2002 data), while Europe (including the FSU countries) has an average of about 300 vehicles per 1,000. (UNECE).
China is already the third-largest car-consuming country in the world. The National Development and Reform Commission predicted that 55 million vehicles will be running on China’s roads by 2010, while the annual production rate will hit 9 million units a year.
“In the coming five years, we will improve the product line of the whole auto industry,” Li Gang, an official from the commission, said during a Sino-Germany forum on high-end technologies. “We hope, even given that increase, the oil consumption will increase by no more than 50 percent.”
“We also hope by 2010, domestic automakers will be able to sell 10 percent of their automobiles and 50 percent of their motorbikes to the international market,” Li added. “At that point, major Chinese producers of auto parts will become a part of the world's automotive production chain.” (Xinhua)
TrackBack URL for this entry:
Listed below are links to weblogs that reference Per-Capita Car Ownership in China to Climb 67% by 2010: