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China to be global premium car leader
Published on: 2013-03-05
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A premium car show in Changchun, Jilin province. A McKinsey report said China has become the second-larges top premium car markets in the world and will become the biggest in seven years. 
 
China is expected to become the world's largest premium car market, overtaking the United States and selling more than 2.3 million premium cars by 2016, according to a report released on Monday by McKinsey & Co.
 
The market for premium cars in China has accelerated by 36 percent a year over the past decade, against 26 percent annual growth in the overall Chinese passenger vehicle market during the same period.
 
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