After 20 Years, China’s Auto Sales Sputter Into Reverse

The video discusses the contraction in China's car sales starting mid-2018, with predictions of further decline in 2019. Economic factors, including the US-China trade war, are contributing to negative market sentiments. Despite this, Chinese auto stocks are rising due to potential government stimulus. Elon Musk's visit to China and Tesla's new factory in Shanghai are highlighted, with hopes for Tesla's success in the Chinese market. The video also emphasizes China's significant role in the global electric vehicle market, expected to consume over 50% of global EV sales by 2020.

What is the significance of Elon Musk's visit to China in relation to Tesla's operations?

What percentage of the world's global EV sales is China expected to consume by 2020?