Chinese automaker hoping for revival (2)

"In the short-term, it remains hard for Chinese cars to compete head-on with foreign rivals," said Sun Zhipeng, director of the Economic Institute at the Jilin Provincial Academy of Social Science.

Dong Yang, secretary-general of the China Association of Automobile Manufacturers, said government purchases, which account for no more than 10 percent of the country's total auto sales, will not give much of a boost to domestic car companies.

"However, their impact on boosting the domestic car market indirectly should not be underestimated," Dong said.

The FAW Group's shares on the Shenzhen Stock Market rose 8.81 percent on Friday against an overall slide of 0.93 percent on the Shenzhen Component Index.