Posts Tagged difficult times
China’s Auto Parts Increases in Wages and Raw Material Prices
China’s auto parts industry has always made and grown in recent years. However, until now can be up against some difficult times due to increases in wages, local currency and raw material prices.
The past
Last year, in 2007, growth in China market experienced record growth in terms of production and consumption of automobiles. As people’s incomes rose so did consumption. The year 2007 saw a production of 8.88 million units and consumption of 8.79 million units.
Tags: auto manufacturers, auto parts industry, automotive accessories, automotive wheels, china market, difficult times, national statistics, raw material prices, statistics bureau, wheels and tiresRelated posts