Monday, May 4, 2009

The next step lies in the automotive commerce for financial recovery

By Professional editor working for frbiz.

National Bureau of Statistics chief economist at the Shanghai International Motor Show on the eve of that for the first quarter of the automobile industry of China's economic stability to make a significant contribution to recovery. At the same time, Bureau of the first phase of "China's automotive industry to monitor the index of the economy," the report released shows that the industry began to pick up signs of the economy, the automotive industry for the second quarter of entrepreneurs are optimistic about sales expectations.

Optimistic about the first quarter of facts and numbers

Yao jing yuan is held the day before yesterday "2009 Shanghai International Motor Show Summit Forum" to make this expression. He said: "The auto industry's recital in the first quarter of the economic procedure has stabilized as a total made a noteworthy addition to recovery. Automotive development is very needed, it bound the every part of countrywide economic procedure more than 150 businesses, drive vehicles are the most hauling power, can haul the higher arrives at of the steel and hard metal , electronics, chemical, automotive glass development can haul, haul rubber development is that motor vehicle stools can in addition haul the textile and animal skin wares industry. "

State Department of Public Works message out of date statistics present that the first quarter of this year, the automobile market finished the fourth quarter of last year's heading down movement, automobile goods produced and sales 2,567,600 and 2,678,800, an advance of 1.91% and 3.88%, presented a small advance in goods produced and selling, and sales to some extent higher than the output. The first three months of motor vehicle sales over the United States, China has become the world's greatest market.

Industry has to contain the first quarter of the economy

However, the position is still bleak auto trade items, vehicle trade items a quarter of 61,000 yuan, down 62.06 per hundred, the peak five exporters are a considerable down turn in exports. Yao jing yuan said that if there is no urgent position last year, the nationwide vehicle output will come to 10 million.

Released the same day, the first phase of "China's automotive industry index" report shows that the first quarter of 2009, the economy sector index was 98.4 yuan, down 3.3, 0.7 decrease. Reported that overall, the industry boom in the first quarter of 2009 has been curbed, the industry began to pick up signs of the economy. Industry index fell a larger warning, 83.3, 26.7 year-on-year decline, down 3.4 chain, showing the normal operation of the automotive industry. At the same time taking into account the significantly enlarged sales in March, early warning indicators weakened the possibility of continuing to drop.

"The automobile industry indicate warmer economy will be better"

The report remarks that the output and procedure position of the automotive commerce blended, but with the macro-economic rebound, the automotive commerce to digest the position and the next quarter, inventory is anticipated to have more hopeful about sales.

Yao jing yuan also said that China's economy to rebound stability, the next step is very important for us to look at the contribution of the automotive industry.

He said very very distinctly competent to sense the evaluates to revitalize the auto development acted a role. Down-to-earth fashion to realize the evaluates, to put this good indication, signals of constancy in dwellings, it will turn into a trend. "Warming up before the automobile development, which suggests that China's economic procedure will be better the next step."

The report keeps that China's scenery of the fresh introduction of a succession of monetary spur strategies and the revitalization of the arranging development, is locked-in to advance the in the household market demand for automotive products. The second quarter of this year the circumstances of the automotive development than the first quarter of the economic procedure a small redevelopment, but will not hoist too much; enterprise goods produced and organisation circumstances in the first quarter will be undone, but still less than the second quarter of 2008 stage .

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