SIC: China’s auto market still has big growth potential
Nov 20, 2019 15:39
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China’s automobile market still has large growth potential and is still the world’s most promising, even though the country’s economy will continue to face downward pressure in 2020 and consumer confidence is unlikely to rebound, according to Liu Ming, a senior official from the Department of Informatization and Industry Department under the State Information Center (SIC).
Liu expressed his optimism in a presentation to China’s Automobile Dealers Industry Convention 2019 held in Xiamen in East China’s Zhejiang province last weekend. SIC is a Chinese government policy making think-tank affiliated with the National Development and Reform Commission.
So far this year, the domestic auto industry has experienced a