Xinhua News Agency, Beijing, December 12: The U.S. "The New York Times" recently published an article stating that although in 2004 China's car sales boom has subsided, the American car manufacturers still see China as the world's largest growth opportunity. Sales of Chinese cars and small utility sports cars have increased by more than 80% in 2003, but it is expected that this year's growth rate will be less than 20%. Car company managers say that this cooling is expected and necessary, and will not weaken China’s long-term attractiveness. Analysts predict that sales will improve next year. General Motors Chairman and CEO Richard Waggoner said at the company’s quarterly earnings conference call in October: “The long-term fundamentals are still very favorable. Cooling in the near future is not necessarily a bad thing. We’re the least What I hope to see is the overheating of this market and the cycle of prosperity and depression.†Ford Motor Company spokesperson Ken Zino said: “We have not changed our views and still believe that this is an important and fast-growing market. Despite the rapid growth in car sales in recent years, only a few people in China own cars. This year, China's car sales - including small passenger cars and large vehicles such as trucks and buses - are expected to reach about 5 million vehicles, which is less than one-third of the sales of more than 17 million vehicles in the United States. Some analysts predict that by the end of this decade, China’s car sales will double. In addition, automakers also believe that when China's growing middle class converts Jetta and other small cars to larger, more profitable vehicles such as the Passat and Buick Regal, the profits of automakers will also increase. An industry analyst said: "Many people who buy Jetta will change cars after two or three years. In China, people like carts, but not such big cars as the Ford F-150, but rather moderate carts. "Paul Balaguer, chief sales analyst at General Motors, said:" With the lower and lower car prices, people are getting more and more high-grade car. In the United States, more and more luxury cars. In China, it is There are more and more medium-sized cars and larger small cars.†If China has huge growth opportunities, it is not unrestricted. China requires foreign car manufacturers to cooperate with domestic companies, but the allegations of infringement of some Chinese companies complicate the situation. For example, Chery Automobile Co., one of China's largest automakers, was accused of imitating the design of General Motors and Volkswagen. Demand for China's rapidly developing industries has also raised the prices of raw materials such as steel and increased the cost of automakers. From a management point of view, China requires the automotive industry to produce cars that are more environmentally friendly. This year, the Chinese government introduced the first fuel-saving regulations. In China, buying a car with a loan is a novelty. Foreign car manufacturers have just started to set up a loan business. In addition, China's attractiveness is not only in terms of sales. China's labor costs are very low compared to the United States and have even put pressure on factories in Mexico. Although China has not yet achieved full vehicle export, auto parts have been exported, and suppliers all over the world are faced with the situation that either part of the business will be transferred to China or they will lose their competitiveness. China’s labor resources are not limited to workers. Delphi, one of the largest automotive suppliers, quickly expanded its business in China. The company’s new research and development center in Shanghai recently broke ground. Chairman and Chief Executive Officer Battenberger said: "China's engineering and technology graduates last year reached 700,000, while the American engineering graduates only 62,000 per year." As a large number of US manufacturing jobs are lost, It is not surprising that union leaders are not as excited as Battenberg. Ron Gartfinger, chairman of the Union Automotive Workers Union, said: "As China grows to become a big automobile producer, maintaining competitiveness means that it has an hourly wage of less than $1, no independent trade union rights, etc. It has become a new standard for companies to compete in all parts of the world, which is unfavorable to workers around the world."
Chocolate Fountain
Chocolate Fountain,Chocolate Fountain Machine,Fondue Fountain,Chocolate Fondue Fountain
CIXI XINPU JIANKE ELECTRIC APPLIANCE FACTORY , https://www.cxjianke.com