In 2014, a restrictive tax duty was introduced in the USA, with regard to the import of car tyres from the People's Republic of China (PRC). As a result, the share of Chinese-manufactured car tyres on the American market has fallen from X% to X%. This
China's passenger car market showed sustainable growth, rising from X million units in 2007 to X million units in 2014, with a CAGR of X%. In value terms, it expanded with a CAGR of X%, reaching X billion USD in 2014.
From 2007 to 2014, China's passenger car production expanded to X million units, rising with a CAGR of X%. Due to a cooling economy, though, China's new-automobile market is caught in a vicious cycle of consumers tightening their belts and vehicles