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China: Auto PartsPublished by: Internet Securities, Inc. (Intellinews) Published: Jan. 29, 2008 - 30 Pages Table of Contents
AbstractFrom 2002 onwards, China’s automobile industry has entered into a rapid development period of production and sales, both breaking through the 7 million mark in 2006. Domestic vehicle production reached 7.28 million, surpassing Germany to become the world’s 3rd largest auto-producing countries with a growth rate of 27.5%. For the next few years, the auto industry is expected to maintain a growth rate of about 10%-15%. By 2010, the domestic auto output will reach 10 million to become the world’s largest and fastest growing international auto market. Moreover, as China’s automobile sector developed with the help of the west, it has been growing at a considerably higher rate than the country’s GDP.Currently, there are approximately 15,000 spare parts enterprises in China, where more than 600 enterprises are joint ventures with foreign investors. In 2006, the gross value of industrial output for national auto parts was RMB520 billion and the exports was USD8.88 billion. The gross output value of auto parts occupies 35% of the entire automobile industry. Moreover, it is forecasted that the gross value of industrial output for national auto parts will reach RMB720 billion in 2008 and RMB1.4 trillion in 2010. Get Full Details About This Report >> |
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