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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (399)	8/18/2003 11:46:56 AM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China to give own car makers a hand with new rules Reuters, 08.18.03, 6:24 AM ET SHANGHAI, Aug 18 (Reuters) - China will soon unveil a policy to give local auto makers an edge over foreign companies, which could disrupt outsiders' plans to grab a slice of the booming market, state media and analysts said on Monday. One of the policy's key aims would be to ensure Chinese auto makers control half the market by 2010, threatening the likes of Germany's Volkswagen AG <VOWG.DE>, they said. And the government is also likely to encourage consolidation -- an idea first mooted years ago -- in a fragmented sector peopled with 120 auto makers, some of whom make few or no vehicles, state newspapers reported. forbes.com