China's car market in fast lane
(Xinhua)
Updated: 2006-10-28 14:06
China's car market is poised to expand rapidly in the next few years,
according to a market research report by ACNielsen.
The world leading
market research company conducted a phone survey in May and June of more than
1,500 respondents in Beijing, Shanghai and Guangzhou. The survey found that both
private car ownership and intentions to purchase vehicles were still shooting
up.
According to the survey findings, 28 percent of Beijing residents
own a car, as compared with 11 percent in 2004. The proportion was 18 percent in
Guangzhou, up from five percent two years ago, and 11 percent in Shanghai, up
from four percent.
Thirty percent of the respondents said they would buy
a car in the coming 12 months. The proportion was nine percent in 2005 and six
percent in 2004.
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