China to become global auto parts manufacturing center boosted by overseas demand

Stabilized raw material prices, the increasing domestic auto demand, and the Chinese enterprises to become global suppliers in export growth, these factors are indications for China to accelerate the pace in becoming a global automotive components manufacturing centre.

Last year, China's car sales growth reached over 35%, and auto parts exports increased by the same percentage. More than 10 Chinese vehicle parts companies are seeking opportunities in the overseas market, it is relatively easy for foreign investors to buy these stocks, thus fund raising accelerated the development auto parts manufacturing. On The other hand, many transnational automobile giants are making more and more China-made parts procurement, this will help the Chinese enterprises to improve production and design and implement a more stringent technical standard that elevated competitiveness in the industry in China.