China emerges as world's top car market

China’s car market is set to become the world’s largest this year, with sales expected to reach 13 million units by the end of December 2009. Car dealer showrooms around the country seem to be constantly crammed full of customers, encouraging automakers across the world to pour more energy into this market than they do into Japan’s. Though many economists predict the Chinese auto market will continue to grow in and after 2010, the current growth spurt has largely resulted from government tax incentives. (November 25, 2009