A Global road map for China's automakers

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      <subfield code="a">A decade of astonishing growth has catapulted China past Germany and Japan to become the world's second-largest market for automobiles, trailing only the United States. Global OEMs such as GM, Toyota Motor, and Volkswagen still command the lion's share of sales in China. Nonetheless, the impressive inroads of homegrown upstarts such as Chery and Geely in the local market are fueling a desire among China's OEMs to become not only domestic but also global competitors. Such ambitions aren't far fetched: as recently as 2004, China was a net importer of automobiles; in 2005, the country became a net exporter, and in 2007 it exported over half a million cars and trucks, the majority of them Chinese-branded vehicles shipped to developing markets around the world</subfield>
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      <subfield code="t">The McKinsey Quarterly : the online journal of McKinsey & Co</subfield>
      <subfield code="g">June 2008 ; 5 p.</subfield>
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