Chinese Automobile Industry Shifts to Oligopoly, Boosting Market Performance.
The study looked at how the structure of the Chinese automobile market affects its performance. They found that the market has shifted from being very competitive to being dominated by a few medium-sized companies. The more concentrated the market, the better it performs overall. However, different types of companies have different levels of success. The study identified factors that lead to better performance in highly concentrated markets and explained why some firms do better than others. The researchers also suggested ways to help the Chinese automobile industry grow.