VOICED: Automakers compete to tap into China's market

The video discusses the growth of China's car market despite global economic challenges. It highlights China's importance as a growth market, with foreign manufacturers like General Motors seeking opportunities despite their struggles elsewhere. Chinese manufacturers, holding 30% of the market, are improving their competitiveness. Companies like BYD are innovating with electric vehicles, aiming to expand into the US market by 2011.

Why is China considered a crucial market for car manufacturers?

• Due to its shrinking market size

• Because of its declining middle class

• Because of its growing middle class and government incentives

• Due to its high import taxes

What is the main reason foreign manufacturers are cautious in the Chinese market?

• They are competing with emerging Chinese competitors

• They are facing bankruptcy

• They have a monopoly in the market

• They have no interest in the market

What percentage of the automobile market do Chinese manufacturers currently hold?

• 50%

• 70%

• 30%

• 90%

Which Chinese company is planning to introduce electric vehicles to the US market?

• Great Wall

• BYD

• General Motors

• Cherry

What advantage do Chinese manufacturers have if they improve their product quality?

• They can increase import taxes

• They can offer better value for money

• They can dominate the US market

• They can reduce production costs