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Erschienen in:
2011 | OriginalPaper | Buchkapitel
Technology Acquisition by Indigenous Firms: The Case of the Chinese and Indian Automobile Industries
verfasst von : Tomoo Marukawa
Erschienen in: Industrial Dynamics in China and India
Verlag: Palgrave Macmillan UK
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The economic crisis which has plagued the world since 2008 led to the sharp decline of automobile production in Japan and the United States in 2009. In China, on the other hand, stimulated by fiscal policy to boost domestic demand, automobile production grew by 48% in 2009 compared to the previous year. As a result, China has — for the first time in history — become the largest automobile-producing country in the world (Figure 3.1). China is also the largest automobile market in the world — in terms of the number of vehicles sold. Judging from recent trends, China will be the largest automobile producer and market for years to come.