Recently, the "Wall Street Journal" published a special article that China's auto parts exports exceeded imports for the first time in 2005, indicating that China is rapidly becoming a global leader in the production of auto parts.
The article pointed out that the parts produced in China a few years ago was a low-quality, high-cost image, but through enhanced cooperation with foreign companies, the introduction of technology, research and innovation, the quality of Chinese-made auto parts has rapidly increased, resulting in the world Major auto manufacturers, such as Volkswagen and DaimlerChrysler, have planned to purchase billions of dollars of components from China in the future, including brakes, oil pumps, wheels, and control systems.
At present, China is already a production base for daily consumer goods such as furniture and textiles, and it is establishing competitive advantages in the electronics and automotive industries. This will bring new challenges to traditional powerhouses such as the United States, Europe and Japan. At the same time, China’s enormous market potential has also made foreign companies eyeing them, and the United States, Europe and other countries will continue to press China’s auto industry policies and market access conditions, and the trade disputes will also increase.