From Asia Pulse
BEIJING — Although China’s automotive industry has experienced its fastest pace of growth in the past five years, rapid growth is still expected for the industry in the coming five years from 2006 to 2010.
The next five years are likely to see breakthroughs in industrial structuring, research and development (R&D), environmental protection, standard making and exports.
The NDRC predicts that by 2010 the domestic market demand for motor vehicles will reach 8-9 million units, the domestic output will hit 10 million units including one million units for export, the number of registered motor vehicles will reach 55 million units, or 40 units for every 1,000 people, and the added value of the motor vehicle industry will account for 2.5 per cent of the country’s GDP.
An NDRC official said that in the 2006-2010 period, China’s motor vehicle industry will focus on optimizing and upgrading its industrial structure, after which there will be a higher degree of concentration in production, and large enterprise groups will have dominating market shares and develop harmoniously with enterprises of small and medium sizes. Besides, the forces of domestic, foreign and Sino-foreign joint venture automakers will tend to be balanced.
Another trend will be the establishment and growth of an industry making energy-efficient and environment-friendly motor vehicle products.
As put by an official of the Ministry of Science and Technology, the automotive industry will focus its research and development in the coming five years on hybrid power vehicles, fuel battery vehicles and electric vehicles.
But different from the past practice of mainly importing foreign technologies and letting in foreign car brands, China will strive to master core technology and produce products of independent intellectual property rights and own brands in the future, the official said.
Besides, the government is likely to produce favorable policies and measures to encourage domestic motor vehicle manufacturers to branch out and expand export. This is also to become a new trend.
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