After China's Accession to the WTO, the Opportunity for China's Parts and Components is Bigger than that
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After China's accession to the WTO, the opportunities for parts and components in China are greater than that of the auto industry. December 11, 2001 Today, China will formally join the WTO. Is China's auto parts industry a strong opportunity to be reduced to a simple assembly industry? At the Shanghai International Auto Show yesterday, some auto parts makers believed that the impact of China's accession to the WTO was far less than that of opportunities. In terms of opportunities, at least it was more than the auto industry. After China's accession to the WTO, China's spare parts industry will not only face technological impact, but will also face the impact of the service trade market. But these two impacts also bring greater opportunities: the introduction of advanced technology can enhance our own, while In trade in services, we not only have a domestic market but also an international market. This kind of opportunity is at least more than that of the automobile industry. A person in charge of the Zhejiang Wanfeng Auto Group, which is claimed to be the largest aluminum wheel production base in China, also said that the impact of the WTO accession on the auto parts industry is far less than the opportunities it brings. Due to the early release of the auto parts industry, some large parts and components manufacturers not only established a huge sales network in China, but also have a firm foothold in the international market. After China's accession to the WTO, with the lifting of some trade barriers, Parts manufacturers will have more opportunities to participate in the international market competition.