Automotive industry in China ownership is expected to accelerate. China surpassed Japan to become the world's second-largest vehicle market in 2006, and passed the United States to become the largest in 2009. This growth is spurring demand for automotive parts, services, and after-care products. China is presently capable of manufacturing a complete line of automobile products and large automotive enterprises. Major domestic firms include the China First Automobile Group Corp. (FAW), Dongfeng Motor Corp. (DMC) and Shanghai Automotive Industry (Group) Corp. (SAIC). China encourages the development of clean and fuel efficient vehicles in an effort to sustain continued growth of the country’s automobile industry
China South City Holdings China South City Holdings China South International Industrial Materials City (Shenzhen) Co., Ltd. (“China South City” Holdings), (), a Hong Kong incorporated holding company, is a Longgang District, Shenzhen-based integrated logistics and trade center operator. It manages logistics operations and a wholesale shopping center in the city. China South City is engaged in the development and management of China South International Industrial Materials City, located at Pinghu, Shenzhen in the Greater Pearl River Delta region. China South City is the largest trade center in China, in terms of gross floor area, that combines trade centers for industrial materials of five