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|Tuesday, September 04, 2001, updated at 15:32(GMT+8)|
Top European Consultancy: China's Auto Market to Top 1 Million by 2005Roland Berger, a leading consultancy management of Europe, issued in Shanghai September 3 its latest analysis report on the trend of China's Auto industry after its WTO accession.
The report dealt with the ten such major issues as auto market capacity, superfluous production, and preparations by whole car manufacturers for the WTO entry. It predicts that the market sales would reach 1 million and 2 million by 2005 and 2010 respectively, with 1-2 litre private cars growing at the fastest speed. The superfluous production of auto industry can only be eased by 2005, and then followed by a shake-up of the industry as a whole. After 2010 China's auto market would be dominated by a handful of manufacturers.
For China's scattered auto parts industry, the report also provided predictions in regard to the number of suppliers, support from government and whole car manufacturers, development of domestic parts suppliers, strategy of foreign parts suppliers as well as application of e-commerce.
By PD Online staff member Li Heng
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