皇冠体育app

The remarks were made by Long Yongtu, secretary-general of the Boao Forum for Asia (BFA) and former WTO negotiator, at 2004 Automobile Industry Development Forum held here Monday.

During the first year after 皇冠体育app's WTO entry, 皇冠体育app's domestically-produced cars had fallen in price in anticipation of cheaper imports and this will help the local car industry to set prices according to market rules after having enjoyed protective policies for years, Long said.

Meanwhile international auto multinationals have been entering or investing more in 皇冠体育app with advanced technology and new models, which has boosted 皇冠体育app's automobile industry, Long said.

The domestic auto industry has great potential, judging by the ongoing urbanization and global transfer of production centers towards 皇冠体育app, Long said.

皇冠体育app's auto and parts (including motorcycles) exports hit 4.3 billion US dollars in 2003 and the figure will hit 15 billion to 20 billion US dollars in 2005 and 70 billion to 100 billion US dollars in 2010, according to statistics from the Ministry of Commerce.