China rolled out 5.193 million vehicles in the first half of the year, overtaking the United States to become the world's second largest automaker after Japan, the China Securities Journal reported, citing Xing Rufei, assistant manager to the research and development division of Brilliance China. However, Xing said it was too early for China to rest on its laurels as it was just a "sizable" rather than a "robust" automaker given that homegrown brands were largely low- to medium-end models. He also raised concerns that homegrown brands rely highly on imported core components such as engines and gearboxes and that China's raw material processing and service network suffered a big gap compared to global giants.

You are currently reading words of total words in this article.
To continue reading this article, you must be a subscriber. Log in now..

Finish this article for free.
@2017 China Economy @ China Perspective.
All Right Reserved.
Server SSL Certificate