China Automobiles to Tap for Overseas Market

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Last updated at: (Beijing Time) Monday, June 02, 2003

China Automobiles to Tap for Overseas Market

According to the forecast of experts it is possible for China-made autos to export on a great scale five years from now on.

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According to the forecast of experts it is possible for China-made autos to export on a great scale five years from now on.

In view of the fact in which we saw a booming increase of auto-output in the country during the last four months, Feng Fei, vice minister of the R & D Center under the State Council expressed recently when accepting the interview of the reporter from the Beijing Youth Daily, saying that the auto-output of over 100 auto-enterprises in China has already reached 6 million vehicles. The auto-manufacturing industry has stepped onto a stage for large-scale production in China. Based on this, he boldly predicts that along with the development of the auto-manufacturing enterprises in their products and the advancement in producing batches of whole automobiles, I believe China is able to export sedan-chair cars on a great scale five years later.

At present, the policy restriction on the "share-ratio for foreign investment not to exceed 50 percent" has been broken through said he, and out from it stands formally the Guangzhou-Honda Automobile Co. in the export-processing area of the Guangzhou Economic Development Area. This is a joint-venture auto-enterprise set up in the duty-bond area with 100 percent of its auto-products for export and so far the only one in China. As learned, by the end of 2004, the FIT sedan-cars, 50,000 in total produced from the plant will all be exported to European and Asian countries. Along with the expansion in auto-production in China, holds he, all transnational auto-enterprises in China are bound to release their production capacities to the overseas market. This will be a lasting process.

Judging from the statistics, the increase of auto-output will be on a constant rise. Under the circumstances, some automobile enterprises have already begun to enhance their competitiveness and they are trying their best to go in for a component part in the world auto-manufacturing industry.

As learned in the course of updating the product-development and the batch-production of cars as a whole the GM in Shanghai has reached an agreement with the Philippines that it will export 5000 vehicles of GL10 Type for business use within a span of five years while last year saw the Volskwagen Passat in Shanghai succeed in getting an entry into Southeast Asian market. Aside from that, the Zhongxing and Great Wall pickups witnessed their products being exported to the European and American markets last year and Chery Shanghai is also endeavoring to set up auto manufacturing plant in alien lands, striking up its international strategy.

By People's Daily Online

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