Will the invisible hand prevail in China’s auto market?




McKinsey Greater China show

Summary: As consumers get wealthier and their driving habits and preferences evolve, will market forces play a bigger role in shaping China’s auto market? According to a new report by McKinsey’s Automotive Practice, China is expected to drive over one-third of total growth in the global auto market from now until 2020. The guiding hand of government has always been felt in China’s auto industry. But as consumers get wealthier and their driving habits and preferences evolve, will market forces play a bigger role in shaping how this industry plays out over the next decade? Or will government policy continue to prevail? In this podcast, Nick Leung addresses this question with Arthur Wang and Axel Krieger. Arthur is a Partner in Shanghai. Axel is a Partner in Beijing who heads McKinsey’s Automotive Practice in China. Nick is Managing Partner of McKinsey’s Greater China Practice.