Why is China buying American cars?

Why is China buying American cars?

China is buying American vehicles at a record pace, according to new research, as the country looks to tap into its booming automotive industry.

According to a report from the automotive industry trade group, AutoPacific, China is spending $3.5 trillion on vehicles this year alone, which makes it the world’s largest auto market.

That means the country’s market capitalization has grown by more than 40% in the past five years, to more than $2 trillion.

The market capitalisation of Chinese car makers is now about twice that of America, the report said.

This has led to China’s automotive sector becoming a major player in global auto markets, with some analysts estimating that China’s share of the global market will surpass that of the United States by 2030.

According the report, China’s demand for U.S. vehicles has been driven by an increasingly affluent Chinese middle class who want the latest technology and the latest luxury cars.

AutoPacific CEO John K. Yurczyk told Business Insider in an email that the new research is the latest sign that China is looking to expand its automotive business and is seeking to become a global player in the market.

“The demand for these vehicles in China has grown substantially in the last two decades, particularly for SUVs and compact vehicles,” he said.

“China is now a global car market leader with more than 500 million vehicles on the roads.

The U.K., France, Germany, the Netherlands and Spain are all large global car markets, while the U.Y.S., France and Italy are also growing rapidly.”

But the rise in China’s market share doesn’t mean the country has become the top player in America’s automotive market.

In fact, the U,S.

still has a substantial number of small car markets.

In addition to the big automakers, Yurcizyk noted that the auto industry trade association is now focusing more on smaller vehicle makers, including small and mid-size companies.

“We have a very healthy market for small car and mid sized car makers,” he told Business News Daily.

“We have seen a strong uptick in small car sales for a number of years now.”

For more business news, check out the Business Insider Business section.

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