A premium car show in Changchun, Jilin province. A McKinsey report said China has become the second-larges top premium car markets in the world and will become the biggest in seven years.Â
Â
China is expected to become the world's largest premium car market, overtaking the United States and selling more than 2.3 million premium cars by 2016, according to a report released on Monday by McKinsey & Co.
Â
The market for premium cars in China has accelerated by 36 percent a year over the past decade, against 26 percent annual growth in the overall Chinese passenger vehicle market during the same period.