2012-09-12 07:57:17 - Economic 360 for China: Growth Prospects and Emerging Opportunities in the Automotive Industry - a new market research report on companiesandmarkets.com
China has been a rapidly growing economy, expanding at 10.0 per cent annually on the back of exports and investments. The Government has accorded high priority to the transformation of the economy from investment- export-driven to a consumption-driven during the 12th five year plan period. Driven by government initiatives and investor interest, the automotive industry has emerged as one of the pillars of the Chinese economy. The world´s largest vehicle market is in the middle of active industry restructuring. China will seek to create an investment climate that is favourable to the development of energy-saving and electric vehicles, creating opportunities for power battery technology, infrastructure development, emission reduction and system integration technology.China recovered well from the economic downturn and achieved
modest growth rates in 2011. With overwhelming domestic demand pushing China to become the largest vehicle manufacturer in the world in 2009, more enterprises will focus on the local automotive industry. Industrial reforms will improve the overall quality, productivity and competitiveness of the goods manufactured in China. Further, the Government has committed to stabilizing exports and boosting imports to reduce the trade surplus. The seven strategic emerging industries that are anticipated to experience the highest growth in investments are energy-saving environmental protection, new-generation information technology, biological technology, high-end equipment manufacturing, new energy, new materials and new energy automotive.Report ScopeEconomic 360 for China: Growth Prospects and Emerging Opportunities in the Automotive Industry is our Country Industry Forecast service, which provides vital inputs for evaluating the attractiveness of a country and its automotive industry. Apart from enabling decision makers to assess the impact of non-market forces, it also helps identify new market opportunities. This service provides a strong base for preparing contingency plans. In addition, investors can assess industry-specific risk factors as well as conduct more in-depth micro research.
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