China top spot for auto investment (2)

al market share over the next five years, and the BRIC markets may account for nearly half of worldwide vehicle sales by 2018.

But the report also pointed out concerns over how fragmented the auto industry is structured in China, especially when it faces overcapacity risks, which 26 percent of the respondents rated as high or very high compared with 25 percent which viewed the other BRIC markets this way.

Vehicle sales may rise 5% in 2013

China's auto sales, including passenger cars and commercial vehicles, may rise around 5 percent this year to reach the milestone of 20 million units, supported by an economic rebound and rising incomes, an official said yesterday.

The expected expansion may mirror the performance of last year when total deliveries of vehicles rose "4 to 5 percent" in the country to about 19 million units, according to Ye Shengji, deputy secretary general of the China Association of Automobile Manufacturers. The state-backed body will release a detailed report on China's December auto sales today.

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