Financial Crisis: A Turning Point to Enterprises
2009-02-19 Source：english.chinabuses.com
At present, China releases a series of stimulus auto package. For a long-term domino effect, it would also direct the segmented domestic industry to a right way for future development, as it encourages industry restructuring and integration. "Industry reshuffle is routine in the downturn. As the whole vehicle manufacturing industry in China is not so capable and segmented comparatively, the government should encourage and regulate the parts and components industry more," said Jia Xinguang, an independent auto analyst based in Beijing. Jia said there are about 5,000 part and components manufacturers in China, with most of them having assets of no more than 100 million Yuan, producing low-value products.
Winfried Vahland, president, Volkswagen Group China agreed that "the industry downturn should be an opportunity for China's auto industry to optimize itself through mergers and acquisitions of smaller enterprises with low capacity and capability".
The outbreak of financial turmoil can be an opportunity for some enterprises and clever entrepreneur will fully use it.
Views:0Editor：Frederick
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