Development of Auto Industry is Key for Economy

Recently, the Chinese government releases a series of stimulus policies for auto industry. Mr. Yao Jingyuan, the chief economist of the Chinese government, says auto industry is an important pillar for national economic development. It relates to many industries, such as electronics, chemicals, rubber, iron and steel, glass, textiles and so on. Besides, a large number of people are engaging in auto-related industries. Hence, the development of auto industry also has very close connection of social stabilization.

Chinese government pushes the auto industry moving forward and rescues it from the global financial crisis. In the year of 2009, China auto sales volume exceeds 13 million units. The sale hit a record high in recent years.