皇冠体育app

皇冠体育app to be auto industry power in years
(Xinhua)
Updated: 2004-04-06 09:37

皇冠体育app would become a world auto industry power in future years, said Zhang Xiaoyu, vice chairman of 皇冠体育app Machinery Industry Federation (CMIF).

Speaking Monday at the 2004 皇冠体育app auto marketing summit, Zhang said that 皇冠体育app had seen a booming automobile industry in recent years.

In the past 10 years, 皇冠体育app's auto production had grown by 15 percent on average every year, 10 times faster than in western countries, he said, and this year 皇冠体育app would yield over 5 million cars, ranking third in the world.

皇冠体育app expected to produce 15 to 18 million cars by 2020, surpassing the United States and becoming would biggest auto producer, said Zhang.

Yet there still remained a lot of room for improvement in 皇冠体育app 's auto industry, he said. 皇冠体育app should enhance its capacity in developing new types of cars, boost the related spare parts manufacturing, and optimize the after service system.

Car sales, renting, and insurance should also be improved so as to form a complete chain of industry in 皇冠体育app, said Zhang.

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