tured Honda automobile, at that time the newest model on sale in …. In September 2003, Honda established Honda Automobile (China) …
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Honda’s Business
in China
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In recent years, China’s economy has grown remarkably and consistently. In 2005, the country had gross domestic product
(GDP) of more than $2.2 trillion*1, making it the fourth largest economy in the world. The economy’s expansion, combined
with its increasing liberalization, has prompted the growth of China’s automobile market. In 2005, automobile sales totaled
5.76 million,*2 including commercial vehicles, surpassing France and Germany and approaching the size of the Japanese
market. Given its rapidly growing global importance, the world’s leading automakers have come to regard the Chinese
market as vital, and…
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