Wheels

07 The red wave

IT’S GONE ALMOST unreported, but something seismic is happening in the Chinese car market. For the past four decades, this huge segment has been dominated by established global brands such as VW and Toyota collaborating in joint ventures with Chinese partners. This year, for the very first time, more than 50 percent of China’s domestic car sales will be accounted for by Chinese brands.

That’s not all. China overtook Japan as

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