China remains the world’s largest automotive manufacturing country and automotive market since 2009. In 2018, annual vehicle production in China accounted for over 30 percent of worldwide vehicle production, which exceeds that of the European Union or that of the United States and Japan combined.   In the first decades of the PRC, China’s automobile production set off with an emphasis on commercial vehicles for industry and military purposes. The automobile industry in China did not gain momentum until the beginning of the 1990s. The rapid growth of the domestic market has also further accelerated the automobile industry in China. The number of newly registered passenger vehicles amounted to about 23.14 million units in 2018, which was more than five times of that in 2005. Such ever-increasing vehicle sales trend has unfortunately experienced a hiccup ...

China News Agency, Beijing, February 25th (Reporter Yan Xiaohong) China Machinery Industry Federation said on the 25th that it is expected that the economic operation of China's machinery industry will show a trend of low to high and gradually rise in 2020. If the new crown pneumonia epidemic can end soon, The growth rate of industrial added value can still reach about 5%, and indicators such as operating income and total profit will maintain a slight increase. On February 25, the China Machinery Industry Federation stated that it is expected that the economic operation of China's machinery industry will show a trend of low-to-high and gradually rebound in 2020. If the new crown pneumonia epidemic can end soon, the growth rate of industrial added value can still reach 5% , Indicators such as operating income and total profit will maintain a slight increase. The d...