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China will continue
to expand auto export while strengthening the technology innovation and brand
building, said Chinese Vice Premier Zeng Peiyan in Beijing on Sunday. Chinese
auto companies should bring in advanced technology and management expertise, enhance
their research ability and build up their own brands, said Zeng when visiting
the 2006 Beijing automotive exhibition. China
has grown into world third largest auto producer and second largest auto market.
The exhibition opening at the weekend has seen an unprecedented presence of China's
home-grown brands, roughly one third of of the 572 vehicles on show, according
to the organizers. Chinese
brands currently account for about one quarter of China's auto sales. While consolidating
their shares in low-end products, Chinese companies are moving into more lucrative
markets now dominated by foreign carmakers. Zeng
said China should also develop more energy-saving, environmental-friendly cars,
and new types of car fuels to alleviate the energy shortage. The
ongoing exhibition will be a platform to enhance exchange and cooperation in world
auto industry, he said. According
to the organizers, the auto fair has attracted 1,500 companies from twenty countries
and regions across the world. It is expected to draw 500,000 visitors.
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