Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Economy

HOME > Economy


China welcomes foreign investment in auto industry: spokesperson

January 11, 2019


Abstract : China welcomes foreign companies to make investment and tap into the opportunities in its automobile market, a trade official said Thursday.

BEIJING, Jan. 10 (Xinhua) -- China welcomes foreign companies to make investment and tap into the opportunities in its automobile market, a trade official said Thursday.

The demand is huge for new energy vehicles (NEVs) and other automobile products in China as the market is entering a new phase that features diversified demand and quality-oriented purchases, Gao Feng, the spokesperson of the Ministry of Commerce, said at a press conference.

Gao's remarks came after the U.S. electric carmaker Tesla Inc. broke ground on its first overseas factory in Shanghai on Monday.

Tesla's new factory will be a boon to the development of China's NEV sector, pushing forward industrial upgrades and bringing domestic buyers more choices, Gao said.

As the first carmaker to set up a wholly-owned company in China, Tesla has witnessed and benefited from the new round of China's opening up to the outside world, Gao said.


Related Coverage

Focus

Think Tank

  • Why do American firms and households need China?

    January 15, 2019

    In particular, the availability of cheap imported goods from China lowers pr...

  • China should avoid boosting economic development thr...

    January 11, 2019

    China must avoid going back to the old way of boosting growth through large...

  • China must prepare to tackle more trade disputes

    January 10, 2019

    The trend of Sino-US trade relations shifting from cooperation and open trad...

  • China’s IT winter chill should help firms rethink b...

    January 10, 2019

    The nascent sector will help traditional industries integrate into the "inte...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial