Development and Reform Commission Says Late Adjustment of Auto Industry Structure


Morning News The National Development and Reform Commission’s Industrial Policy Department official said at a national industrial restructuring conference held in Guilin, Guangxi, that the adjustment of China’s auto industry’s product structure lags behind and that there is a surplus of production capacity.

The person in charge said that China’s auto surplus is a structural surplus, the production and sales ratio of high fuel consumption models is too large, the proportion of advanced, energy-saving, and environmentally friendly vehicles is relatively small, and the transportation-specific vehicles have excessive signs due to their poor technical level and threshold. This is a new situation in China's industrial restructuring. (Xinhua News Agency)



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