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
Chinese in New York City York via initial public offerings. The major Chinese banks maintain operational offices in New York City. Chinese in New York City The New York metropolitan area is home to the largest and most prominent ethnic Chinese population outside of Asia, constituting the largest metropolitan Asian American group in the United States and the largest Asian-national metropolitan diaspora in the Western Hemisphere. The Chinese American population of the New York City metropolitan area was an estimated 812,410 as of 2015. New York City and the surrounding area, including Long Island and parts of New Jersey, is home to 12 Chinatowns, early