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On October 17th, Bill Ford visited China. It was the first Chairman of Ford's visit to China in 17 years. This major event in the auto industry seems to have become a wind vane, guiding the American media's auto coverage. In addition to reporting on Ford's visit to China, they also focused their attention on the entire Chinese auto industry, and the reported caliber was so consistent that they placed high expectations on the rapid development of the Chinese auto market.
MSNBC is one of the three major cable networks in the United States. It has prominently reported on the status of the Chinese automotive industry by Frederick Henderson, president of General Motors Asia Pacific, in a prominent position on its website Automotive News. On October 19, he predicted at the vice presidential meeting of the international president of the Asia-Pacific Economic Cooperation Summit held in Bangkok, Thailand that China will surpass Japan in five years and become the largest automobile market in Asia, the second largest in the world after the United States. Big car market. He even said that in the next 10 years, China is the engine of the growth of the global automotive market.
In the first three quarters of this year, the sales of GM Buick cars rose 62.5% over the same period of last year, which was about 133,000 vehicles. In 2000, they sold only 30,000 vehicles. The only bright spot of GM’s automotive business in the third quarter was in Asia. Due to China’s huge demand for expensive cars, the profits of GM’s Asia Pacific subsidiary grew to US$162 million in the third quarter, and the average profit per vehicle was approximately US$1,200. The North American subsidiary has a profit of US$128 million and the average profit per vehicle is only US$102. The American Detroit News Automotive Observer column published a commentary that the Chinese auto industry will be as straightforward as Chinese astronauts are ascended into space. So far, China has surpassed Germany to become the world’s third largest auto country. It is expected that by 2025, China will overtake China. North America became the largest automotive country. Such fierce growth has caused major auto companies to maintain a high degree of vigilance on the Chinese market.
The USAutoNews website reports that China's auto industry will continue to develop. Apart from a good economic situation, there is also a huge positive impact of China's hosting of the 2008 Olympic Games. The website wrote that although the Olympic effect is not many, it has been manifested many years ago. To host the Olympic Games, cities have to increase their infrastructure, build roads and build parking lots, which greatly stimulates car consumption.
There are also many automotive websites that focus on the Chinese auto industry. AutomotiveNews has opened a section on its homepage titled "China Takes Off," which contains several paid articles discussing and analyzing China's booming auto market and foreign automakers' countermeasures. GlobalAutoIndusty also opened a "China Forum" specifically for China in addition to its "Europe Forum", "United States Forum", and "Asia Forum" to analyze the Chinese auto market.