China in major push to support car sector
Published at: www.ft.com
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William RussoPresidentSynergistics Limited
The Path to Globalization of China’s Automotive Industry
May 18, 2009
According to the US Census bureau, the trade deficit with China in 2008 stood at $266.3 billion, with China imports valued at $337.8 billion compared with US exports valued at $71.5 billion. The message is clear: China dominates the production of everyday goods. It just seems logical to assume that it’s simply a matter of time before China becomes an exporter of the most symbolic cultural icon: the automobile. In this second article in a 3-part series on the China auto industry, I will describe the challenges faced by Chinese original equipment manufacturers (OEMs) in going global, and will highlight the role of M&A as a plausible but high-risk means of accelerating this process.
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October 3, 2006
This article provides a brief overview of China's rising power in the auto export sector.
The article is important because:
1) it focuses on new government incentives to China's auto manufacturers to export.
2) it signals that China is likely to increase its share of the global auto export market in coming years.
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