The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Workers assemble parts of a Volvo car at an assembly line at the new Volvo manufacturing plant in Chengdu, Sichuan province, on June 5, 2013.
Workers assemble parts of a Volvo car at an assembly line at the new Volvo manufacturing plant in Chengdu, Sichuan province, on June 5, 2013.
(Jason Lee/Reuters)

FINANCIAL TIMES

China’s car market offers a wealth of opportunity

Lex is a premium daily commentary service from the Financial Times. It helps readers make better investment decisions by highlighting key emerging risks and opportunities.

Va va voom! Renault SA is planning to launch a joint venture to build cars in China. That will strengthen its foothold in China, adding to a strategic alliance it has there with Japan’s Nissan Motor Co. Ltd. And who can blame the French company? In the first half of 2013, car sales in China jumped by 17 per cent year-on-year. In spite of recent wobbles in the financial sector, that growth is expected to remain in double digits for the full year. China’s car market still looks attractive against sales growth in the U.S. and Europe.