In recent years, the automobile industry in China has been developing rapidly and has become the third largest automobile producer in the world only after the United State and Japan.
According to Mr. Jiang Lei (Secretary General of the China Association of Automobile Manufacturers), the automobile industry in China was in a stage of the fast and healthy development. With the sustainable development of the national economy, the Chinese automobile industry in 2007 would maintain the momentum of the steady increase. The growth of the sales of automobiles would be expected to reach about 15% and the total production would exceed 8 million units.
Mr. Jiang believed that the automobile industry in China had entered a new stage of historical development. The industrial re-organization had been further accelerated, technical innovations have been further strengthened and the competition of enterprises in the market has been further sharpened. At present, the automobile industry in China had changed the focus from expansion of production capacity to attention to market systems and product brands, from one domestic market to both domestic and overseas markets, from the import and digestion to independent developments. Therefore, the current 'Eleventh Five-year Plan' period is a critical period for the automobile industry development in China to become big and strong.
