·The automotive industry will enter an accelerated adjustment period

Yesterday, Liu Shijin, deputy director of the Development Research Center of the State Council, said at the Automotive 50 Forum held in Beijing that China's auto industry will enter an accelerated adjustment period, and some enterprises will be eliminated and merged.

Liu Shijin said that while the scale of production and sales is expanding, the number of enterprises will gradually decrease. In the process of restructuring the industry structure, he believes that it is necessary to adhere to the principle of enterprise-led in fair competition, avoid government franchise, and allow real competitive enterprises to obtain greater development opportunities.

In 2011, China’s car ownership exceeded 100 million for the first time, second only to the United States. But it is also in this year that China's auto market has experienced a 25% rapid growth for a decade, and its annual growth rate has dropped to 2.5%. At the same time, the pressure on overcapacity in the auto industry is very prominent.

At the beginning of this year, the "Industrial Transformation and Upgrading Plan (2011-2015)" issued by the State Council proposed to improve the industrial concentration of the automotive industry, and gave clear indicators, requiring the concentration of the top 10 companies in the automotive industry from 2010. 82.2% increased to 90% in 2015. It is widely expected in the industry that the rapid development of the automobile industry will return to rationality, and the policy will push for a new round of industrial adjustment. The whole industry will usher in a round of reshuffle.

In the upcoming reshuffle of the automotive industry, Liu Shijin is looking forward to the emergence of a global automotive company in China. He said that in the future development of China's auto industry, on the one hand, people will see more mixed and integrated capitals from different ownership systems; on the other hand, enterprises based on local capital, talents, technology and other factors will get Greater development opportunities and gradually grow into a global large enterprise. He said that in recent years, local enterprises in China, especially private enterprises with local brands, have not only increased their product exports, but also set up production bases overseas. Some enterprises have made significant progress in using foreign high-quality resources.

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