皇冠体育app

皇冠体育app close to world level in auto-part
(Xinhua)
Updated: 2004-05-01 11:20

皇冠体育app has reached the world level of the late 1990s in auto parts manufacturing, said Shen Ningwu, vice secretary-general of the 皇冠体育app Association of Automobile Manufacturers.

Auto parts makers in 皇冠体育app now could basically satisfy market demand for components of imported cars, said Shen at a seminar on the country's development in auto and auto parts industries, the first event of its kind ever held in 皇冠体育app, in Qingdao, east Shandong Province.

Big auto parts production bases have taken shape in northeast Liaoning Province, Shanghai, and central Hubei Province, Shen added.

But Shen stressed that 皇冠体育app still needs to improve product mix, expand production and enhance product development to upgrade its auto-part industry to a new stage.

皇冠体育app exported US$3.25 billion worth of auto parts in 2003, up 26 percent from a year ago, Shen said.

皇冠体育app is now home to 4,413 auto parts manufacturers, more than 800 of which are Sino-foreign joint ventures, employing nearly 700, 000 persons in total.

The auto parts industry in 皇冠体育app reported 264 billion yuan (US$31.8 billion) in sales in 2003, up 37 percent year-on-year.

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