KPMG report which states that China is still a hotspot for global automakers is based on interviews with 200 industry executives across 31 countries. 70-percent of the respondents view China as their TOP choice for investments ahead of other BRICS nations.
Additionally, 94 percent of respondents say they expect China to see growth in domestic vehicle sales, underpinned by the rising middle class and growing urbanization.
The survey also indicated that four Chinese automakers - BAIC, SAIC Motors, FAW Group and Geely - are expected to be among the top 10 companies to gain global market share over the next five years.
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