China has become the world’s second largest consumer country’s third largest automotive producer in the world

The reporter learned from the national automotive product export work conference convened this time that: China has become the world’s second largest consumer of automobiles and the third largest automobile producer. Since 2002, China’s vehicle production has grown at an average annual rate of 45.8%, and it is expected to reach 8.5 million vehicles this year.

At the end of 2006, the total output value of the automotive industry accounted for 3.7% of GDP, and the number of people employed in automobile-related industries accounted for 1/6 of the total number of people employed in society. At the same time, China's auto industry level, independent innovation capability, and the proportion of self-owned brand cars in the domestic market have continued to increase, and auto exports have entered a period of rapid growth. From January to July this year, the total vehicle exports were 294,000, an increase of 70.3%, and it is expected to exceed 500,000 vehicles throughout the year; the export of parts and components was US$8.85 billion, an increase of 32.4%.