日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Motoring

Chinese carmakers bullish on new opening-up measures

Xinhua | Updated: 2018-04-16 16:30
Share
Share - WeChat

GUANGZHOU - For Chinese carmakers attending the country's largest trade fair, the country's pledge to further open the economy will bring more opportunities than challenges.

Authorities recently announced that China would ease foreign equity restrictions in the automobile industry and significantly lower import tariffs for vehicles, as part of the country's broader opening-up push.

While analysts said wider access could intensify competition in the Chinese market, Wu Jun, assistant general manager of international trade at Zotye Domy, a privately owned automaker, shrugged off the worries.

"The easing of foreign equity restrictions can allow domestic private auto companies better interact with foreign firms and help us improve," Wu told Xinhua at the ongoing China Import and Export Fair, also known as the Canton Fair, in South China's Guangdong province.

According to Wu, the performance of many Chinese cars could now rival vehicles made in Japan as China's manufacturing capabilities have advanced significantly compared with 30 years ago.

In addition, thanks to government initiatives to support the new energy vehicle (NEV) industry, many Chinese carmakers have a competitive edge in terms of NEVs, making the cooperation between foreign and Chinese carmakers win-win for both sides.

Shen Hui, founder and CEO of WM Motor, an NEV startup, said a series of domestic brands such as Geely Auto have emerged and become internationally competitive after China's four decades of reform and opening-up.

One of his concerns was whether Chinese carmakers are allowed to conduct mergers and acquisitions in foreign markets such as the United States, where protectionism seems to be rising.

Fu Yuwu, head of the Society of Automotive Engineers of China, said China is fully prepared for relaxing ownership restrictions.

"It's not something to be afraid of considering China's strength in technology, capital, management, and talent. It's just a matter of time for restrictions to be eased," Fu said.

Data from China Association of Automobile Manufacturers showed that China produced some 29 million automobiles and sold 28.9 million last year, ranking the first worldwide for nine years in a row.

In terms of lower tariffs for imported vehicles, carmakers attending the Canton Fair said that would inevitably bring increased competition for domestically-made vehicles, especially medium-level passenger cars sold at above 200,000 yuan (about $31,800).

But more fierce competition will also force carmakers to invest more in research and development (R&D) and encourage innovation, resulting in overall upgrading of China's auto industry, they said.

He Xiaopeng, chairman of electric vehicle maker XPENG Motors, said the new opening-up policy would be a turning point for China's auto sector to shift from quantity-oriented to quality-oriented growth, bringing benefits to domestic consumers.

Wu said that Zotye Domy invests about 1 billion yuan annually in R&D, or roughly 10 percent of its sales.

"For an emerging company like us, if we don't invest heavily in R&D, it will be hard to sell our products on the market," Wu said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 久草在线在线精品观看 | www.天天色.com | 精品中文字幕久久久久久 | 天天草夜夜骑 | 精品国产乱码久久久久久1区2区 | 一级欧美日韩 | 日本大学生免费一级一片 | 亚洲片在线观看 | 一区二区在线 | 久久电影精品久久99久久 | ⅴideo裸体秀hd | 精品一区二区久久久久久久网站 | 91看片官网| 日本小网站 | 91成人| 黄色三级在线观看 | 成人免费一区二区三区视频网站 | 一级毛片一级毛片一级毛片一级毛片 | 日本娇小xxxxhd | 米奇影院7777 | 免费观看成人毛片A片2008 | 久草网站 | 日日摸夜夜添欧美一区 | 免费观看一区二区 | 黑人精品欧美一区二区蜜桃 | 成人自拍在线 | 国产全肉乱妇杂乱视频 | 99精品免费视频 | 色网在线免费观看 | 伊人情涩网 | 免费av一区二区三区 | 蜜桃视频一区 | 亚洲一区二区三区在线看 | 国产乱色精品成人免费视频 | 久久亚 | 成人性生交大片 | 亚洲一区中文字幕在线观看 | 亚洲精品av在线 | 久草新在线 | 亚洲精品视频久久久 | 欧美一级毛片免费播放器 |