Sweden 's company , the world 's largest maker of seat belts and airbags , is to cut further production in China due to the country 's ﻿economic downturn , as it looks to expand elsewhere , so it can﻿ maintain its﻿ dominant global market position . Autoliv is ready to cut more jobs in China to counter any downturn in demand while seeking to expand elsewhere to secure its dominant global market position. This announcement follows reports this week 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 1990 's . The sector , with its high employment , is a priority for Beijing in a time of economic crisis .
Sweden 's company , the world 's largest maker of seat belts and airbags , is to cut further production in China due to the country 's ﻿economic downturn , as it looks to expand elsewhere , so it can﻿ maintain its﻿ dominant global market position . This announcement follows reports this week 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 1990 's . The sector , with its high employment , is a priority for Beijing in a time of economic crisis .