In the latest installment of CGTN's Chinese Factories Know How series, a journey to Anhui Province in the Chinese mainland offered fresh insights into the auto industry. 🚗
Xu Haidong, deputy chief engineer of the China Association of Automobile Manufacturers, shared a scholar's take on rising tariffs reshaping the global trade landscape. Despite challenges, he emphasized that years of intense domestic competition have forged robust supply chains, innovative R&D, and a talented workforce.
These competitive strengths enable Chinese automakers to expand into key overseas markets via local production, paving the way for sustainable growth and deeper global integration. 🌏
As global trade dynamics evolve, the industry stands poised to drive innovation and set new benchmarks for excellence.
Reference(s):
Scholar's take: China's auto industry still has room to grow globally
cgtn.com
