|
|
Article: CHINA'S AUTOMOBILE INDUSTRY BADLY IN NEED OF INNOVATION
- Article from:
- AsiaInfo Services
- Article date:
- March 15, 2006
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
AsiaInfo Services
03-15-2006
China's Automobile Industry Badly in Need of Innovation
BEIJING, Mar 15, 2006 (SinoCast via COMTEX) -- The data supplied by the People's Bank of China show that in 2005, the investment in the automobile industry had arrived at CNY 100 billion. The annual automotive output has reached 6.15 million vehicles, which ranks the third in the world. But there isn't any world-famous brand of Chinese own yet. "It's really a pity." The secretary of the Party committee in 061 base of China Aerospace Group said.
The president of Shanghai Automotive Industry Corporation Chen Hong expressed that the automobile industry is the miniature of China's whole industry. The core ...