Automotive: China ramping up exports tenfold

Manufacturing News, Source : The Manufacturer US
Published : 22 Nov 2006 17:09

As China's People's Daily Online reports, China will continue to expand auto exports, tenfold by estimates, and strengthen its technology innovation and brand building. That according to Chinese Vice Premier Zeng Peiyan.

Zeng encouraged Chinese auto companies to 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.

According to the People's Daily, China has grown into the world's third largest auto producer and second largest auto market. 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 also called for China to develop more energy-saving, environmental-friendly cars, and new types of car fuels to alleviate the energy shortage.

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