The Original
Equipment Suppliers Association (OESA) recently presented on
February 4th its annual China Market update webinar, and as usual a
lot of great information was imparted to OESA members. The
presentations included a review of the "China Auto Market
Dynamics" by Yale Zhang, Managing Director of Automotive
Foresight in Shanghai, and a review of "China Compensation
Survey Results and HR Trends and Challenges in China," by
Steven Kueffner Director, International Consulting, at Towers
Watson in Detroit. Neither speaker disappointed the
participants.
For Mr. Zhang's presentation, he began with an overview of
current economic conditions in China, which not unexpectedly were a
major factor in driving the performance of the Chinese auto market.
China completed 2014 with a reported 7.4% GDP growth according to
Mr. Zhang, robust by most world standards but certainly below
China's historical performance in the 8-10% range. This
"slow down" was also accompanied by a
