China to become world auto industry power: CMIF vice-chairman

Home>>Business

Last updated at: (Beijing Time) Tuesday, April 06, 2004

China to become world auto industry power: CMIF vice-chairman

China would become a world auto industry power in future years, said Zhang Xiaoyu, vice chairman of China Machinery Industry Federation (CMIF).

DISCUSSION

CHINESE

SEND TO FRIEND

China would become a world auto industry power in future years, said Zhang Xiaoyu, vice chairman of China Machinery Industry Federation (CMIF).

Speaking Monday at the 2004 China auto marketing summit, Zhang said that China had seen a booming automobile industry in recent years.

In the past 10 years, China's auto production had grown by 15 percent on average every year, 10 times faster than in western countries, he said, and this year China would yield over 5 millioncars, ranking third in the world.

China expected to produce 15 to 18 million cars by 2020, surpassing the United States and becoming would biggest auto producer, said Zhang.

Yet there still remained a lot of room for improvement in China's auto industry, he said. China should enhance its capacity in developing new types of cars, boost the related spare parts manufacturing, and optimize the after service system.

Car sales, renting, and insurance should also be improved so asto form a complete chain of industry in China, said Zhang.

Questions?Comments? Click here

Experts encourage indigenous auto making sector

Automakers ax price

China the world's 4th auto producer

Israel's killing of Yassin fuels conflict: Commentary ( 2 Messages)

How the US could improve its image abroad ( 14 Messages)

US urged not to fingerprint Chinese ( 10 Messages)

China hunts corrupt officials who abscond overseas ( 3 Messages)

Seven Chinese activists land on Diaoyu Islands ( 4 Messages)