Economic Tsunami: China's Car Industry Will Sweep Away Western Car Makers

Economic Tsunami: China's Car Industry Will Sweep Away Western Car Makers Book Description

The motor vehicle manufacturing industry in many western countries has been faltering in recent years. And now, the car markets around the world are about to get hit by a large quantity of inexpensive quality new cars and car components, and the impact of those cars will be as sudden and as forceful as a tsunami. The surge of competition will be a result of the ever-accelerating development of Chinese motor vehicle manufacturers. These manufacturers were comparatively small and technologically inferior during the latter part of the 20th century, but in the new millennium, they have developed with surprising speed, doubling their output around every five years. In the very near future, they will not only be dominant in China, but will also be a major player on the world stage.This book presents research into the development of car industry infrastructure in China and the implications of the increasing efficiency of its auto manufacturing industries, in particular the impact of the Chine

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