·The automotive industry will enter an accelerated adjustment period

Liu Shijin, deputy director of the Development Research Center of the State Council, said at the Auto 50 Forum held in Beijing recently that China's auto industry will enter an accelerated adjustment period, and some enterprises will be eliminated and merged.

In 2011, China’s car ownership exceeded 100 million for the first time, second only to the United States. But it is also in this year that China's auto market has experienced a 25% rapid growth for a decade, and its annual growth rate has dropped to 2.5%. At the same time, the pressure on overcapacity in the auto industry is very prominent.

At the beginning of this year, the "Industrial Transformation and Upgrading Plan (2011-2015)" issued by the State Council proposed to improve the industrial concentration of the automotive industry, and gave clear indicators, requiring the concentration of the top 10 companies in the automotive industry from 2010. 82.2% increased to 90% in 2015. It is widely expected in the industry that the rapid development of the automobile industry will return to rationality, and the policy will push for a new round of industrial adjustment. The whole industry will usher in a round of reshuffle.

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