China's Growing Automotive Industry: Opportunities and Expansion

China's automotive market is rapidly growing, with international car makers forming joint ventures and setting up manufacturing facilities. Shanghai GM, a major joint venture, plans to increase production and introduce new models, including Cadillac. Despite high import taxes, China's market is expanding, with predictions of overtaking Japan as the second largest car market. Infrastructure development is crucial to accommodate the increasing traffic, especially with the upcoming 2008 Olympics.

What factors have contributed to China becoming the fastest growing automotive market in the world?

How has China's entry into the World Trade Organization affected vehicle tariffs?

What predictions are made about China's automotive market in the next five years?

What are the key features of the Cadillac CTS as described in the text?

What infrastructure developments are being made in China in preparation for the 2008 Olympic Games?