中国汽车研究报告英文版.doc

Jul. 7, 2004 No.283 China Aims to Reach the Level of Advanced Countries in 2010by Promoting Reorganization of CompaniesUnder the New Automobile Industry Development PolicyOutline of Chinas new auto policy and Chinese business plansby automakers worldwide ??In June 1, 2004, the Chinese government officially announced and enforced the Automobile Industry Development Policy (new auto policy), which replaces the Industrial Policy for the Automobile Industry (formulated in 1994) as a new signpost and policy for development of the automotive industry. The new auto policy does not change the current move toward the expansion of a partnership with foreign automakers. The new policy aims to make China join with major auto producing countries by the standards of developed countries in 2010 using a partnership with foreign capital as the driving force. ??In line with the announcement of the new auto policy and Auto China 2004 (the 8th Beijing Motor Show), which opened on June 9th, the announcement of Chinese business plans was successively made by automakers worldwide. The scale of Chinese business by major global automakers, including plans already revealed by each automaker, will amount to more than 7.3 million a year in several years. →the New Auto Industry Development Policy Of China ■China, focusing on the balance of development, aims to take a place among major auto producing countries by 2010 ??Chinas vehicle production surpassed 3.2 million (including 1.15 million passenger cars), the production target for 2005 under the Tenth Five-Year Plan (2001-2005) for the Automotive Industry in China, which was announced in June 2001. The production volume amounted to 4.44 million in 2003 (including 2.19 million passenger cars). ??Against the backdrop of rapid growth and under the Automobile Industry Development Policy (issued in June 2004), which serves as guidance for Chinas automobile policy, the following objective has been set: The fostering of Chinas automo