Slower expansion seen through 2015
By Lu Nengneng |
April 26, 2012, Thursday
|
Print Edition
Print Edition
HAVING experienced an economic slowdown for the past five quarters, China may lag the growth rate of the global commercial vehicle industry through 2015, an industry study shows.
The revenue of medium and heavy-duty commercial vehicle sector, which is affected by a country's business circle, may grow 3.2 percent within three years in China against the estimated 4.3 percent for the world, according to a study by consulting firm AlixPartners.
China's commercial vehicle sector posted an explosive revenue growth of 45 percent in 2010 after the government introduced a 4 trillion yuan (US$634 billion) stimulus package in 2009 .
The revenue of medium and heavy-duty commercial vehicle sector, which is affected by a country's business circle, may grow 3.2 percent within three years in China against the estimated 4.3 percent for the world, according to a study by consulting firm AlixPartners.
China's commercial vehicle sector posted an explosive revenue growth of 45 percent in 2010 after the government introduced a 4 trillion yuan (US$634 billion) stimulus package in 2009 .
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