China's Carmakers at the Crossroads

Chinese manufacturers have moved onto the global stage with unprecedented speed and efficiency. China is already the world's largest producer of aluminum, cement, copper, and steel. It dominates the low-end consumer market in everything from textiles to consumer electronics, and it has surpassed the U.S. as the world's largest exporter of many information technology products. China's economy is growing at an annual rate of 8% to 10%. Per-capita gross domestic product has reached $1,600 -- and has nowhere to go but up.

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