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10-10-2007
China's
auto industry has been developing vigorously
to withstand challenges posed by the country's
entry into the World Trade Organization (WTO),
said an official of China's top economic planner.
Zhang Guobao, vice minister of the National
Development and Reform Commission, attributed
the good performance of China's auto industry
to three factors: the country's sound economic
environment, its solid industrial foundation
and sharpened competitive edge in the global
market for improved product quality.
Statistics
show the nation's auto output have maintained
fast growth for six consecutive years. From
2001 to 2006, the average annual growth rate
of the auto sector reached 26 percent. In 2006,
the country's auto output and sales increased
by 22 percent and 23 percent to 4.5 million
and 4.4 million units respectively.
China's
auto industry, however, is still obsessed with
three problems including overcapacity, underdeveloped
auto part industries and unsatisfactory services,
said the vice minister at an international forum
on China's auto industry held in north China's
Tianjin Municipality.
Last
year China overtook Japan to become the world's
No. 2 auto market after the United States, with
total sales of 7.2 million vehicles and output
of 7.3 million. The country produced 4.5 million
vehicles in the first half of 2007, up 22.4
percent on the same period of last year, while
sales rose 23.3 percent to 4.4 million, according
to the China Association of Automobile Manufacturers.
Editor:Frederick
Wei from Chinabuses.com
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