Chin8 s Automobile Market Grows Rapidly According to the table above,the auiomobile production sales in China amounted to over 8 million in 2007,with an average annual growth of more than 22qo from 2001 t0 2007.This means that after less tban one decade of development,China has emerged into the world's fastesl-growing major auto market.There are two main reasons for the increase.For one thing,since general market-onented reforms were introduced in China around 30 years ago.restrictions and controls on the automobile sector have been gradually eased,resulting in the joint venture partnerships with major global automobile manufacturers.For another,thanks to Lhe burgeoning economy,the disposable income of Chinese cithens has maintained an upward trend for years,contributing to an increasing number of people owning private vehicles.Despite the breakneck growth over the past decade,China's auto market still has much room Lo grow before reaching saturation and the prospects for China's auto market remain bright.