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Market
In the past few years, China's auto parts industry has been keeping, at a high speed, an increasing momentum. According to the statistics from the State authorized departments, in China's auto parts industry, the total industrial output value shall reach RMB 670 billion in 2007, meanwhile the sales volume shall reach RMB 650 billion or even more in 2007. Moreover, the export sales volume from China's auto parts industry will reach USD 15 billion, a rise of 30 percent. Meanwhile, as the auto industry has been swiftly developing and the gradual opening-up of auto ind its parts industries, numerous international capitals and technology have pured into China with the hope to gain more shares in this wider and fast-developing market. 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.
After China became the member of WTO, the assets of auto parts industry rise yearly, its proportion within the total auto industry assets increased from 5 percent in 2002 to 35 percent in 2006. As the upper-middle part of the whole auto industry, the auto parts industry occupies more and more important position within the whole auto industry chain.
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