ENTRY INTO WTO S IMPACT ON AUTO INDUSTRY IN CHINA
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Every day you hear it on the news, you read it in the papers ,you overhear people talking about it ..
THE ENTRY INTO WTOS IMPACT ON AUTO INDUSTRY IN CHINA!!
Chinese suppliers could emerge faster than expected
Global suppliers see little competitive threat from Chinese companies, but it may be time for international parts makers to show some concern. The rapid growth of vehicle sales in China is strengthening homegrown suppliers too.
Most high tech exports from China are from foreign-owned companies. The conventional wisdom is that locally-owned Chinese suppliers are competitive mainly in labour intensive components -- many of which cannot economically be shipped around the world.
Productivity at Chinese plants has been poor. Only recently have some suppliers been able to claim that quality has reached internationally competitive levels.
But price competition could give the locals an edge...