Transnational Auto Manufacturers Try to Squeeze into the Chinese Market

Chinese auto market has developed with an annual growth rate of 36%, the first in speed in the world. The investment of transnational companies in China’s auto production are enough to produce 2.7 million autos, but China’s wish to become the "world center of automobile manufacture" is still a dream.In the 2005 Report on Transnational Companies in China issued by the Ministry of Commerce, Jia Xinguang, Chief Analyst of China Auto Consulting and Development Corporation, criticized the "South Korean mode" of Chinese automobile industry.