Wednesday, May 31, 2006

China auto industry growing 30% per year: Can the auto show increase it?

Written by: S.M.Mehdi Hassan
The exhibition of auto parts in China will be held on June 8 and continue till June 10. Auto Components Shanghai 2006 will be held in Jiading Automobile Town over 12000 square meters. More than two hundred auto parts manufacturers both domestic and foreign will be participating in this exhibition. I am quoting from the press release:
As a grand event of China's auto parts industry, nearly 200 manufacturers from 10 countries and regions will attend, including over 40% foreign companies, and the exhibition space will reach 12,000 m2.
This exhibition is sponsored by CCPIT Shanghai Branch and SAE-China and undertaken by Shanghai International Exhibition Co., Ltd. affiliated to Shanghai World Expo (Group) Co Ltd. and the German IMAG-International Trade Fair and Exhibition Co. Ltd.
Chinese Auto Industry for the last few years has been growing at a rapid pace. At an average the industry grew by 30% per year. Alongside the auto parts industry had its fair share of growth. According to the press release in 2005 the number of auto parts producers reached 5000 and production was amounted to RMB440 billion and it is increasing. Seeing the potential of the industry many world famous autoparts producers came to China. At present 70% of the 100 top auto parts producers have their business in China. In addition, Chinese auto parts producing companies are exporting their products abroad. Last year, these companies exported 19.7 billion dollar of autoparts.
Eight exhibition groups are participating in this exhibition: China auto electronic and electric appliance exhibition group, Shanghai auto parts exhibition group, Zhejiang auto parts exhibition group, Japanese exhibition group, German exhibition group and Taiwan exhibition group.
Exhibitions and shows are a great way to attract visitors and potential investors and buyers inside the country. The Auto Component Show 2006 is the biggest show ever held. I believe and hope that this show will take China a step further towards their goal.

Related articles:
Auto Components Shanghai 2006 Moves to Jiading Automobile Town in June for First the Time