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China private car parc topped 100 million by end of 2016

BEIJING – China had 101.52 million privately-owned cars on the roads by the end of 2016, up 15.5 percent, according to the Statistical Communiqué of the People’s Republic of China on the 2016 National Economic and Social Development released by the National Bureau of Statistics on February 28. That is

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Yuan Qinshan: Private companies will dominate China’s heavy-duty truck market

Private companies, not state-owned ones, will occupy the majority of China’s heavy-duty truck market in the next decade, according to Yuan Qinshan, chairman of Shanxi Dayun Automobile Manufacturing Co., Ltd. Yuan made the prediction in an interview with cvworld.cn. “We are neither the first nor the last private company to

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