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As if to underline the more dynamic and entrepreneurial nature of private sector firms, Geely Automobile Holdings (GELYF) in China is set to create what many are describing as China's first global car maker.
Part of China's big three private car manufacturers, along with Great Wall (GWLLY) and BYD (BYDDF), Geely is small compared to China's big, state-backed carmakers, like Shanghai Automotive, Beijing Automotive, Dongfeng Motors, Changan Auto, First Auto Works and Guangzhou Automobile (GNZUF), most of whom also operate joint ventures with Western carmakers