According to the China Association Of Automobile Manufacturers (CAAM), Chinese auto sales increased 13.9% in 2013, to end the year at a record high of 21.98mn units. We maintain our bullish outlook on the market in 2014 and see the strong sales momentum in the last few months of 2013 spilling over into early 2014. Consumer confidence remains high and we see it buoying vehicle demand.

BMI Industry View 7

SWOT 9

Political 10

Economic 11

Business Environment 12

Industry Forecast 13

Production and Sales 13

      Table: China Autos Sector - Production And Sales 13

Alternative Fuel 14

Trade 15

Passenger Vehicles 19

      Table: China Autos Sector - Passenger Cars 19

Commercial Vehicles 30

      Table: China Autos Sector - Commercial Vehicles 30

Motorcycles 31

      Table: China Autos Sector - Motorcycles 31

Company Developments 31

Suppliers 33

Industry Developments 33

Macroeconomic Forecasts 35

Economic Analysis 35

      Table: China - Economic Activity 40

Industry Risk Reward Ratings 41

Asia Pacific - Risk/Reward Ratings 41

      Table: Asia Pacific Autos Risk/Reward Ratings 44

Company Profile 45

Company Monitor 45

Shanghai GM 48

Volkswagen 50

Ford Motor 52

Daimler 54

Regional Overview 56

      Table: Vehicle Sales 2013 (CBUS) 56

Global Industry Overview 61

      Table: Passenger Car Sales November 2013 (CBUs) 61

Europe On Road To Recovery 61

Tax Hike Skews Japan's Outlook; US Hits Sweet 16 63

China Is BRIC Bright Spot 65

Demographic Forecast 68

      Table: China's Population By Age Group, 1990-2020 ('000) 69

      Table: China's Population By Age Group, 1990-2020 (% of total) 70

      Table: China's Key Population Ratios, 1990-2020 71

      Table: China's Rural And Urban Population, 1990-2020 71

Methodology 72

Industry Forecasts 72

Sector-Specific Methodology 73

Sources 73

Risk/Reward Ratings Methodology 74

      Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators 75

冶金工业信息标准研究院