China’s short term slowdown not stopping supplier expansion

Tier 1 suppliers have continued flocking to China to capitalise on its rapidly growing market and strong transport networks.

Margaret Baxter, Senior Vice President, Operations and International Affairs, OESA, the North American Original Equipment Suppliers Association, observed that while growth in the automotive market has started to slow in China over the last few months, 6% year-over-year growth is expected through 2020, when China will produce nearly 30 million vehicles. “This market has been and continues to be a huge opportunity for suppliers, yet it poses unique challenges as well,” she commented.