Five years after entering the WTO, sales of locally made vehicles have almost doubled, and sales of sedans have more than quadrupled. The national car enterprises quickly become large and strong, the market share of own-brand cars increase from some percent to 26.4 percent in the third quarter of this year.

This year, China expects to produce and sell more than 7 million cars. China is already the world's third largest car manufacturer and world's second biggest car market. It is optimistically estimated that in 2009, production and sale will surpass 10 million, making China the world's largest car market by 2015.

Following the unveiling of self-designed medium and high-end cars by First Automobile Works and Shanghai Automotive Industry Corporation, more and more carmakers have made breakthroughs this year in terms of engine and transmission systems. During the first three quarters, the market share of locally designed sedans rose from less than 5 percent in 2001 to 26.4 percent, leading other countries in growth rate.

By People's Daily Online