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Article: POST-WTO COMPETITION TO BOOST CHINESE AUTO INDUSTRY: OFFICIAL.
- Article from:
- AsiaPulse News
- Article date:
- May 18, 2001
CopyrightCOPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, May 18 Asia Pulse - China's auto industry, although not as efficient as its big foreign competitors, will be able to survive the challenges it will face when the country enters the World Trade Organization (WTO).
Lu Zhiqiang, deputy director of the State Council-affiliated Development Research Center, said the WTO entry was not a "gateway to Hell" for the auto industry.
Lu made the remarks at the on-going 2001 Auto Industry Summit in Beijing.
His remarks ease many people's fears that the domestic auto industry could be flattened by cheaper imported vehicles after China joins the world trade club.
Lu said there are many ...