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Vice premier stresses sustainable growth of auto sector

(Xinhua)
Updated: 2009-09-27 10:01

Chinese Vice Premier Zhang Dejiang (2nd R front), who is also a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, visits at the Third Session of the China International Auto Parts Expo in Beijing, Sept 25, 2009.[Xinhua]

Chinese Vice Premier Zhang Dejiang Friday urged the promotion of the sustainable and stable development of the auto sector with enhanced innovation, sector restructuring and a boost to auto parts manufacturing.

Related readings:  China's '09 auto sales forecast to hit 12.6M  Auto exports tumble for 12 months  China auto sales hit 1.14m units in August    China's auto parts industry may lose $16b in orders

The auto sector is an important pillar industry of the national economy, and it could significantly expand employment and boost spending, Zhang said in Beijing at the Third Session of the China International Auto Parts Expo.

He urged the promotion of mergers within the sector to cultivate big players, and asked auto makers to invest more on research to develop new models that are more energy-efficient or use alternative energies.

Zhang told auto parts makers to improve competitiveness for a huge market that is expected to see 12 million autos come off production lines this year, which will push the total number of autos in the country up to 75 million.