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Posted By: Tom Boblitt

The recent World Bank report China: Air, Land and Water estimates a 19 percent average annual growth rate for passenger vehicles between 1990 and 1999. This, according to the report, is “only the very beginning.” The Chinese government has forecast a market of six million vehicles a year by 2010. By comparison, I see about seventeen million were sold in the U.S. last year. China has passed Germany for #3 and is poised to pass Japan in the next couple of years for #2.