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

  Home>News Center>China
       
 

10 years later, China issues new auto lines
By Gong Zhengzheng (China Daily)
Updated: 2004-06-01 22:40

The National Development and Reform Commission Tuesday launched a long-awaited new policy for China's fast-growing auto industry.

10 years later, China issues new auto lines
A Chinese customer looks at a BMW car in Nanjing, east China's Jiangsu Province. [newsphoto/file]

The new policy release comes just a year after the commission, one of the major watchdogs for the auto industry, issued a draft policy seeking public opinion.

The new auto policy will substitute for the old one issued in 1994 by the State Council, China's cabinet.

It will both loosen and tighten restrictions on foreign investors in the auto industry from different perspectives.

Foreign investors will be allowed to control stakes of more than 50 per cent in automobile and motorcycle joint ventures (JVs) with Chinese partners "if their JVs are built in China's export processing zones and shoot at overseas markets," the new policy states.

Japan's Honda Motors has a 65 per cent share in a JV with China's Dongfeng Motor Corp and the Guangzhou Automobile Group.

All cars to be produced by the JV, located in the export processing zone in Guangzhou in South China's Guangdong Province -- will be exported.

The new policy will permit foreign investors to create more than two JV plants in China to produce same categories of vehicles, if they join forces with their existing Chinese partners to merge other companies in China.

General Motors (GM), the world's No 1 automaker, has four car JVs in China through mergers of local companies jointly with the Shanghai Automotive Industry Corp (SAIC) -- one of China's top three automakers.

Big Chinese automakers will be encouraged to team up with foreign partners to merge both domestic and foreign vehicle producers to "expand business boundaries in line with the auto industry's globalization," according to the new policy.

SAIC in late 2002 joined hands with GM and Japan's Suzuki to take over South Korea's Daewoo Motors.

This is the first overseas auto merger involving a Chinese vehicle maker.

The new policy also expects some internationally competitive Chinese automakers to join the ranks of the world's top 500 multinationals by 2010.

SAIC, which also runs a JV with Germany's Volkswagen, has attempted to become one of the top 500.

"These regulations are in accordance with the auto industry's latest development during the period after China's entry into the World Trade Organization and will speed up the restructuring of the fragmented sector," said Jia Xinguang, an analyst of the China National Automotive Industry Consulting and Development Corp.

There are now some 120 vehicle plants in China.

However, if a foreign automaker controls a relatively majority stake in another foreign firm, they will be treated as one entity when it comes to the requirement on the number of Sino-foreign JVs in China, the new policy states.

One of Chinese shareholders must have a stake bigger than the total of all foreign investors, if a Chinese listed automobile, motorcycle or other special-purpose vehicle producer sells its corporate shares, according to the new policy.

"The two requirements are intended to protect Chinese automakers through measures not violating the nation's commitments to the WTO," Jia said.

Foreign automakers appear cautious to comment on the new policy.

"We are studying the new policy and not yet available for comment," said Ye Wen, a communications manager for Volkswagen's China operations.

The new policy will enhance barriers on domestic non-auto investors in the industry.

Automakers in China that "could not maintain normal operations" will be forbidden to transfer their production permits to non-auto and motorcycle enterprises and individuals, it said.

The State will encourage these automakers to regroup assets with other vehicle producers.

If an automaker goes bankrupt, its production permit will be removed.

State to ensure health of auto market

The new policy said total investment of any new auto project should stand at 2 billion yuan (US$241 million) or more.

Such a project must include a product research and development organization with an investment of no less than 500 million yuan (US$60.4 million).

"The government hopes to use these regulations to cool overheating investment and overcapacity in the auto industry," said Yale Zhang, a Shanghai-based manager of CSM Worldwide, the US auto industry consulting firm.

"Plans of many non-auto enterprises in China, especially privately owned firms, to enter the industry will be derailed by these regulations."

The auto industry is widely seen as one of the overheated industrial sectors in China, thanks to massive investment from foreign automakers, and domestic State and privately owned enterprises.

Total investment in building new auto-making capacity will amount to 216.6 billion yuan (US$25.5 billion) by 2007 in China, according to figures released by the commission earlier.

Annual auto manufacturing capacity will total almost 15 million units in China by then.

Sales of domestically-made vehicles grew by 34 per cent to 4.39 million units last year.

The new policy also aims to foster a national united and open auto market mainly depending on private consumption.

All local governments will be forbidden to take discriminatory action on vehicles produced in other regions, the policy said.

"The State will carry out a national unified vehicle registering and checking system, and local governments cannot do likewise in their own ways," it added.

The Shanghai municipal government still imposes much higher charges on private car buyers than in the other regions in China by auctioning car plates in an effort to control car sales and prevent traffic jams in the city.

Average charges for a car plate in Shanghai stood at more than 34,000 yuan (US$4,100) last month.

A senior official from the Ministry of Commerce claimed around 10 days ago that Shanghai municipal government's action "violates related clauses of the law of road transportation security".

But the municipal government said it will not mend its ways any time soon.



Fire kills 5 in Northeast China
Aerobatics show in Hunan
Final rehearsal
  Today's Top News     Top China News
 

Australia, US, Japan praise China for Asia engagement

 

   
 

Banker: China doing its best on flexible yuan

 

   
 

Hopes high for oil pipeline deal

 

   
 

Possibilities of bird flu outbreaks reduced

 

   
 

Milosevic buried after emotional farewell

 

   
 

China considers trade contracts in India

 

   
  EU likely to impose tax on imports of Chinese shoes
   
  Bankers confident about future growth
   
  Curtain to be raised on Year of Russia
   
  Coal output set to reach record high of 2.5b tons
   
  WTO: China should reconsider currency plan
   
  China: Military buildup 'transparent'
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Auto industry to get new guidelines
   
Auto sector maintains growth trend
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 精品无人乱码一区二区三区 | 99热人人| 亚洲区欧美中文字幕久久 | 亚洲精品久久久久一区二区三 | 高清久久 | www.色人阁 | 亚洲一区二区久久 | 天天综合色网 | 国产精品不卡视频 | 久久精品伊人 | 亚洲欧美日韩精品久久亚洲区色播 | 国产一区二区三区久久久久久久久 | 久久亚洲最大成人网4438 | 国产精品网址 | 免费高清伧理片午夜伧理片 | 久久就是精品 | 亚洲日韩欧美一区二区在线 | 久草www| 日韩日b视频 | 性 毛片| 欧美一区二区三区中文字幕 | 高清视频在线观看 免费 | 六月伊人| 国产在线网站 | 男女进进出出动态图啪啪 | 欧美日韩在线视频观看 | 亚洲精品午夜视频 | 97在线观视频免费观看 | 色综合天天综合网国产成人网 | 日本高清视频免费在线观看 | 性欧美一区| 日夜啪| 欧美日韩在线视频不卡一区二区三区 | 99精品99| 天天操夜夜做 | 天天草夜夜操 | av在线在线 | 一级毛片一级毛片一级毛片一级毛片 | 夜夜cao| 久久www免费人成看片高清 | 午夜在线小视频 |