Tyre makers compete for Chinese market
By Wang Xin (China Daily)
Updated: 2006-06-09 11:46 Especially Changchun, the biggest auto manufacturing base in China, aims to
become one of the world's biggest auto cities, marked by an annual output of
more than 1 million automobiles.
The city plans to produce up to 1.2 million vehicles, and export 60,000
vehicles in 2010.
The output value of the city's auto industry is expected to exceed 28.7
billion euros (US$36.4 billion) by that time.
The State-level Changchun High-tech Industrial Development Zone is a key area
for developing the auto industry of the city.
Around two-thirds of the auto and component makers in the city are clustered
there. The output value of the zone accounts for two-thirds of Changchun's
total.
As Jilin Province is adjacent to the Republic of Korea, the two sides have a
long history in economic exchanges.
And promoting co-operation between local and ROK companies has long been one
of the main tasks of local authorities.
Both Wang Yunkun, secretary of Jilin Provincial Committee of the Communist
Party of China, and Wang Min, governor of the province, have met top executives
of Kumho Asiana Group, introducing the province's investment policies.
Meanwhile, the group company has paid close attention to China's auto
industry development and showed great interest in investments in Northeast
China.
In the past year, company officials have paid several
business tours around Jilin Province and made an in-depth research on the
investment environment of the province.
(For more biz stories, please visit Industry Updates)
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