When commercial vehicle companies are full of perplexities and worries about the export market, there is optimism from the government level. The relevant person in charge of the Department of Mechanical and Electrical Affairs of the Ministry of Commerce recently stated that automotive products are now the focus of the Ministry of Commerce’s strong support. This point has been adjusted from last year's export tax rebate rate (automobile products have not been adjusted and can be seen at the highest tax rate. The tax rate of auto products will remain stable for some time to come.
The official said: "The comparative advantages of China's auto industry, especially the commercial vehicle industry, will remain for a long time and our competitiveness will remain for a long time." The official said that this financial turmoil will have an impact on the global automotive industry. China as the third largest trading nation in the world
It is difficult to be alone. However, as most of China’s automotive products are exported to third-world countries, and the impact of the financial turmoil is not serious in third-world countries, the financial turmoil has had little impact on China’s auto exports.
He believes that due to the impact of the financial turmoil, the purchasing power and payment power of many countries have fallen, which has inhibited their consumption demand for high-end cars. This provides an opportunity for Chinese cars: "The advantages of China's commercial vehicle products are obvious. This is a lot of others. Car giant's products can't match."
“And the state has introduced a number of measures to stimulate domestic demand, which will stabilize the domestic market and is also good for commercial vehicle companies.†The responsible person suggested that leading enterprises take the opportunity to merge and reorganize and increase the degree of intensification: “After the winter season, China Commercial vehicles will have very bright prospects."
View related topics: Commercial Vehicle Export Analysis
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