Zhang Fangyou, Chairman of the Board, Guangzhou Automobile Industry Group Co., Ltd. said:
Chinese automotive industry has made great progress in recent years; however, there is still a big gap between Chinese auto industry and world auto industry, especially in car manufacturing sector, which is still in a growing stage. The strength of Chinese automotive industry is weak-i.e. being lack of independent innovation capability, imperfect industrial system, low competiveness in world market, low finance capability and low brand influence and popularity etc..