· China's auto market is more open to drive core technology

Cui Dongshu, secretary-general of the National Passenger Car Market Information Association, believes that the investment environment of multinational auto companies in China is more open and free. After the Chinese market enters a new normal, their investment should also be accelerated.

Regarding the localization of core technologies, Cui Dongshu believes that the demand in the Chinese market is more high-end, the Chinese government is increasingly cultivating and guiding technology, and multinational auto companies must take higher-end technologies to China more quickly. .

In this context, what is the trend of investment by multinational auto companies in China? Does the core technology have a tendency to deepen localization? China Economic Net has had an in-depth dialogue with Cui Dongshu.

More open and free Chinese multinational car companies should seize the opportunity

Although China's auto market started late, its development speed has been very rapid. It has already become the world's largest auto market, and is striving to become a leader in various market segments.

"The current economic management of the Chinese government and the open system of the other side are very conducive to the development of multinational auto companies. Under this kind of thinking, the confidence of multinational auto companies in the Chinese auto market is constantly increasing." Cui Dongshu said.

"Not only is the opening up to the outside world, the Chinese government is increasingly cultivating and guiding the technology. As the competition in the Chinese auto market becomes more and more fierce, consumer demand is becoming more and more high-end, and multinational auto companies must make it faster. High-end technology has fully acquired China." Cui Dongshu said.

The stock market is stable and the Chinese car is going to the world.

Since the opening of the joint venture road in China's auto industry in 1983, the 50:50 equity ratio between Chinese and foreign parties has been the "standard model" for Chinese joint ventures. "50% of the 50% share ratio should not be moved as much as possible. If this joint venture is adjusted, it will definitely have some impact on our economic development base." Cui Dongshu said.

The choice of joint ventures and the provision of such a good environment for joint ventures are all for local companies to learn advanced technology and management experience from joint ventures to drive the development of local industries. In this regard, the Chinese auto industry has a long way to go.

Cui Dongshu believes: "Chinese cars are going to the world. But our vehicles are basically exported to emerging markets and third world countries. These countries are not very good in economy, and the export volume is not particularly ideal. Our exports will shift to new markets, but At present, there is still a long way to go. We must first do a good job in the domestic market and steadily achieve development in the international market.

The prospect of shifting the Chinese auto market to third- and fourth-tier cities is good

In the 21st century, China has begun to steadily advance the strategy of developing the western region. For all walks of life, the Midwest market has great potential for development. In this regard, Cui Dongshu said: "The future of the car market is in the third and fourth line and the Midwest. Multinational car companies, whoever can go faster can occupy a larger market, who can get a bigger policy and resources. Advantages can also lead to a greater development opportunity."

“Multinational auto companies should make plans as early as possible to lay out emerging markets in the west.” Cui Dongshu suggested.

In view of the prospects of China's future auto market, Cui Dongshu believes: “The Chinese auto market has a sustainable and superb development space. Our urban population and our relatively affluent population are the largest in the world, but our car market has relatively low holdings. These two contradictions actually determine that there is huge room for development in the future. And China's economy has begun to improve. It is expected that between 2016 and 2020, the growth of China's auto market will maintain a growth rate of more than 10%. Enterprises should be bold and open to market and increase investment."

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