China supplanted the U.S. in 2008 as the world's #2 auto supplier, and will surpass Japan to...

|By:, SA News Editor

China supplanted the U.S. in 2008 as the world's #2 auto supplier, and will surpass Japan to reach #1 in 2009, iSuppli says. "China, which produces most of its cars for domestic sale, has benefitted from its booming economy and the soaring disposable incomes of its consumers." (ETF: PGJ, FXI)