Beijing 's Sweden , the world's largest maker of seat belts and airbags, is to cut further jobs in China due to the country's ﻿economic downturn, as it looks to expand elsewhere, so it can﻿ retain its﻿ dominant global market position. This move follows reports 1990 that China 's automobile sector, the largest auto market in the world since 2009 , looks set to contract in 2015 for the first time since the this week ' s. Autoliv's new financial targets include $12 billion in annual sales by the end of the decade. The sector, with its high employment, is a priority for Autoliv in a time of economic uncertainty.
Beijing 's Sweden , the world's largest maker of seat belts and airbags, is to cut further jobs in China due to the country's ﻿economic downturn, as it looks to expand elsewhere, so it can﻿ retain its﻿ dominant global market position. This move follows reports 1990 that China 's automobile sector, the largest auto market in the world since 2009 , looks set to contract in 2015 for the first time since the this week 's. The sector, with its high employment, is a priority for Autoliv in a time of economic uncertainty.