By Wang Qing　

Date: 2005/03/09

Abstract:

In 2004, substantial changes showed up in automobile market and related industrial policies in China. Despite the downturn after a "breakneck" demand, the rapid economic growth and increasing income with a declining R-value have led to a steady increasing demand in automobile, which is a focusing issue in the upgrading of consumption structure of the people. As to the government, an urgent issue is to perfect the legal and regulation system to respond to the development trend, further improve management system and consumption condition, and strengthen social rules and regulations so as to realize economic growth and a higher living standard of the people as well as a friendly environment.