The State Development and Reform Commission is to invite
recommendations from the public and industry insiders to help map
out a new development strategy for China's car industry, the
China Daily reported Wednesday.
The advice is expected to be essential to ward off blind investment
and vicious competition and lead to the healthier development of
the industry, the commission was quoted as saying.
The commission said the public's constructive ideas will be
integrated into the current development policy for the car
industry.
Public hearings are also expected by the end of May.
China's car industry has developed quickly since 1994, when the
country launched its first national policy on the industry.
"The situation regarding the industry's further development has
changed tremendously and we need to come to terms with this," said
the commission.
Commission officials have already warned about the trend towards
over-investment in the industry.
Official statistics indicate that between January and March this
year, car production rose a year-on-year 120 percent to 399,000
while output of all types of motor vehicles rose 54 percent to 1.05
million.
Car assembly lines can be found in 23 of the Chinese mainland’s
provinces, autonomous regions and municipalities. Insiders and
researchers said it is high time for the government to map out a
policy to cool car industry's development.
(Xinhua News Agency April 30, 2003)
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