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Market
Under the negative circumstances of macro economy the automobile
industry went down in 2008, meanwhile the components supply industry
reached the goal of RMB 948.075 billion (main business incoming) and
RMB 927.977 billion (sales revenue), in a rise of 23.85% and 24%. The
percentage of the components supply industry within the autombile
industry was 72% in 2007 which was 82.6 % in 2008. The number of Chinese automobile is 646.7 million in 2008 which
is 38.7 % of the total vehicle number, a rise of 13.52% in comparison
to 2007. The import and export revenue of all Chinese automotive
revenue is USD 49.73 billion and USD 31.43 billion in 2008, a rise of
21.6 % and 20.96%. The product and sales number of Chinese automobile
are both over 7 million from January to July 2009, which is a result of
rising national macro economy, political effect and stiff market needs.
In opposite of 2008, 2009 has a magnificient rise. It helped to release
the stock which was the lowest in 2 years.
Hence, auto parts manufacturing enterprises from home and abroad
will welcome totally-new opportunities for development in China's auto
parts market, which is full of fierce competitions and abundant
opportunities.
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