China to be a global auto maker in 10 years time?

qpicanto SG

Already has 530 car body makers in China . A sub-compact car is sold at US$5,000/-.As safety standards improve so is acceptance level. When would we see a Made-in-China sedan here in Singapore?

king108 SG

Smile The last time, the europe test their car, but failed european's standard. Are we talking the same vehicles?

qpicanto SG

Originally posted by king108:
[b]The last time, the europe test their car, but failed european's standard. Are we talking the same vehicles? [/b]

This is called fear.

qpicanto SG

Big MNCs are moving their R&D units there for one-tenth to a third of the Western salaries for the scientists and engineers.

ShutterBug SG

In 10 years?

May be better they shut thier doors again, and go back to what they were before.

kopiosatu SG

no more fuel, simi car? Laughing

charlize SG

Leg power. Laughing

boy in blues SG

kopiosatu SG

flintstones? Laughing

qpicanto SG

The world seen to revolve around China and India these days. They are like sponges soaking up all the investments leaving all us with what?

I think it would not be long China will be making its mark in the aerospace industries too.

Its a economic wave the scale of tsunami!

qpicanto SG

Even as the Japanese electronics giants are grappling with the Korean competition, the Chinese products are coming hot on the heels. We are begining to see Japanese electronics companies consolidating lately.

And how on earth the Koreans can move so fast produce things that can compete with Japan at a low cost? Korean economy is it no 6 in the world now anyone can confirm?

qpicanto SG

To assemble a car is not all difficult with all the pre-made parts with China production capacity. The difficult part is to go up the technology level and sustaining it. You have seen on TV their purchase of UK Rover.

coolant SG

China already world No4 Auto-maker and soon will replace the mighty Germany as No 3.
For instance, Volkswagen makes more vehicles in China than its homeland germany

qpicanto SG

It is the pace of their development and eagerness that pose huge challenge to the world car makers. As more factories relocate to China , workers back home are displaced.

And that is only one of the many industries they are embarking.

spartan6 SG

I wont be surpised if it did Neutral

qpicanto SG

And Spore is playing catching up game with S Korea in terms of internet access penetration and speed.

arjun SG

The world seen to revolve around China and India these days.

Here is lot of information on India and China which will help one understand more about the Chinese and Indian economies. It also contain a section on Chinese cars.

China and India
http://www.businessweek.com/magazine/toc/05_34/B3948chinaindia.htm

qpicanto SG

Even as big MNCs are injecting billions into China, their state bank still reluctant to approve bank loan for local SME. The bigger players are mostly state owned enterprises.

Is this related to the overseas raising of funds like Chinese IPO in Spore?

Understand the rationale is to prevent the growth of the powerbase that would challenge the monolithic state.

Would this could poses a challenge and make it easier for their Indian counterpart to surge ahead in the competition.