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Key Region
CHINA IS LOOKING FORWARD TO WELCOMING YOU ... China is becoming a key region of Asia with two-figure growth forecast for all the important sectors of the economy. It is continuing to pursue a free-market policy. The conditions for foreign companies are improving steadily - more legal certainty, admission to the WTO, tariff reductions and privileges for foreign investors and liberalisation of trade. FOCUS ON SHANGHAI Shanghai as the most important industrial and commercial city in China, is also one of the most important cities in China regarding the centre for auto manufacturing. The automotive industry has always been regarded as a pillar industry in Shanghai. Shanghai auto manufacturing industry kept growing in 2006. From January to December the output value reached RMB 114.6 billion, a rise of 35.7 percent. the total profits were RMB 13.5 billion, a rise of 33.5 percent. With years of accumulations, auto industry has gained remarkable success in Shanghai. 
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