Chinese cars end up sidetracked in emerging markets

A funny thing happened on the way to China’s drive to build a world-beating auto industry: It got sidetracked.

Instead of Chinese cars finding a ready market among its newly affluent people, and then establishing itself in developed markets where Japan and South Korean car makers have already blazed a trail, China’s auto-sector may be stuck in a blind alley.

Since 2009, a majority of the world’s cars have been assembled and purchased in China. Foreign brands such as Buick have profited the most from China’s auto boom.

via Business feed http://www.scmp.com/business/companies/article/1237423/chinese-cars-end-sidetracked-emerging-markets