Zhang Xiaoyu, Vice President, China Machinery Industry Federation said:

With the economic globalization, the world economy assumes a recovery trend. Chinese economy maintains a rapid growth, the domestic consumption has been expanded and the consumption structure has been upgraded. Facing the new challenges, the structural adjustment and upgrading of the automotive industry has stepped into a more arduous period. Domestic enterprises will be defected in the competition with the transnational corporations, if they do not strengthen their abilities.