China's Automobile Industry: Potential and Growth Amidst Slowing Sales

China's automobile market presents significant opportunities for global brands, as highlighted at the Beijing Auto Show. Multinational companies like Volkswagen and General Motors are investing heavily in manufacturing facilities to meet China's growing demand for cars. Despite economic measures to cool the economy, the potential for market growth remains high due to low vehicle ownership rates. Industry leaders are optimistic about future developments, with plans to increase production and market share.

What was the general assessment of global car companies at the Beijing Auto Show regarding China's market?

• China's market is saturated.

• China's market offers huge potential.

• China's market is unpredictable.

• China's market is declining.

Which car company announced a $3 billion investment in China, viewing the slowing sales as temporary?

• Ford

• Volkswagen

• Toyota

• General Motors

What is the expected production target for General Motors in China by 2007?

• 3 million units

• 500,000 units

• 2 million units

• 1.3 million units

How is China's government attempting to cool the economy?

• Encouraging foreign investments

• Reducing interest rates

• Restricting lending to overheated sectors

• Increasing car production

What is the vehicle ownership rate in China compared to the United States?

• No vehicles in China

• Higher than the United States

• Equal to the United States

• Lower than the United States