Report shows statistics on June 3, a quarter of this year, auto industry sales over textiles and electric machinery and equipment manufacturing, the highest in the communication equipment, computers and other electronic equipment manufacturing industry, power industry, ferrous metallurgy industry and the chemical industry, for the first time become a pillar industry in China's fifth-largest industry.
Reports indicate that in 2002, after China's accession to WTO, China's automobile industry has not been imported cars hit, but saw explosive growth. This year, car production continued to accelerate sharply, the auto industry's contribution to economic growth improved. First quarter of the year, auto industry sales revenues accounted for an increasing proportion of industrial and 6.2%. In 2001 to the first quarter of this year, total vehicle manufacturing profit share of the industry quickly rose to 5.7%, 7.8% and 10.3%. Total taxes as a share of total automobile manufacturing tax also increased from 1.1% in 1990 to 6.4% in the first quarter of this year. First quarter of the year, the automobile industry profits more than electricity and telecommunication equipment, computers and other electronic equipment manufacturing, and in the oil and gas industry, was ranked in second place for the first time. From the order of precedence, first quarter of the year, the automobile industry become a pillar industry in China's fifth-largest industry for the first time.
Report also shows characteristics of the automobile industry has become increasingly evident. One is the internationalization of the domestic auto market. Second, the international automobile industry. After China's accession to the WTO, the current world of "6+3" as the main pattern of automobile multinationals have direct or indirect access to China's automobile industry. By the end of 2002, with paid-up capital, the share of foreign investment in the automotive industry is 24.4%, higher than the proportion of all industrial 22.1%. Especially in car manufacturing, the share of foreign capital up to 33.7%. It is estimated that through the use of foreign investment, technological level of China's automobile industry in the 1970 of the 20th century into the early 90 's level. Third, China's automobile industry in the world's ranking improved. Car production in China this year is expected to be more than France, which in the United States, and Japan, and Germany to become the world's fourth largest car producer after.