China's car industry to reach parity with S. Korea
Seoul - Yonhap
China's rapidly growing automobile industry is expected to reach the same level of international competitiveness as South Korea by 2020, a local economic think tank said Wednesday. According to the report by Samsung Economic Research Institute (SERI), China has made considerable strides to improve its auto industry in the past few decades and should be able to compete effectively with South Korean carmakers in the coming years.
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