China has become a major player in the global automotive industry. With the rise of domestic automakers and the increasing demand for cars, China has also become a leading manufacturer of auto parts, including molds. In this post, we will provide an overview of China`s auto mold industry and its current state.
China`s auto mold industry has been growing rapidly in recent years. According to a report by Research and Markets, the market for auto molds in China is expected to reach $4.5 billion by 2022, with a CAGR of 6.2% from 2017 to 2022. The growth of the industry is driven by several factors, including the increasing demand for cars, the rise of domestic automakers, and the government`s support for the industry.
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