THOUGH you don’t exactly get a sense of it by staring at traffic in downtown Shanghai or Beijing, China is now the largest automotive market in the world—a distinction the country has held since 2009. True, gridlock is the norm during rush hours in China’s premier cities, but still, the volume of cars isn’t as noticeably heavier as that on other large cities elsewhere in the world, as can be gleaned in casual sidewalk café gazing.

The numbers, however, tell the real story.

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