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NANNING, Dec. 18 (Xinhuanet) -- China is expected to
become one of the world's top three largest automakers by 2010.
China will make the automobile industry a pillar of
the national economy in the coming six years, according to a blueprint for
national automobile development in China's 11th Five-Year Plan period
(2006-2010).
By 2010, the industrial added-value of the automobile
sector will make up 5 percent of China's gross domestic product, while the
sector's export value is scheduled to surpass 50 billion US dollars, the
development blueprint predicts.
The automobile market in China is in a period of
growth characterized by mass consumption. Auto-related industries such asraw
materials and road construction are geared to the needs of automobile
development, said Shen Ningwu, deputy secretary-generalof the China Association
of Automobile Industry.
As part of the efforts to join economic
globalization, all major automakers in China have accelerated the pace of
regrouping or mergers, Shen said.
The Shanghai Automotive Industry Corporation joined
with its counterparts in 11 countries and regions including Germany,
Japan,Sweden and Italy to build 60 joint ventures. The Chang'an Automobile Group
has formed an auto production system by building three auto production bases in
Chongqing and Nanjing cities and Hebei Province.
China encourages the establishment of some
internationally competitive automobile groups and enterprises engaging in mass
production of spare parts. Enditem |