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Study - USA - Chinese Market a Land of Uncertainty
USA-The Car Connection, by Paul A. Eisenstein -30 Nov 2005: -- It will soon become the world's largest car market. Or maybe not so soon. It will put an emphasis on domestic sales. Or maybe start focusing on exports. If nothing else comes through from a new study of the Chinese automotive market it's that there is tremendous uncertainty about what the future holds... There's no question that manufacturers from around the world have been rushing to invest in China, according to researchers from IBM and the University of Michigan, who jointly conducted the new study... While Chinese industry insiders acknowledge foreign concerns about intellectual property rights, they also complain that manufacturers such as General Motors, Volkswagen and Toyota are not providing their Chinese partners with the technology they need to become truly competitive. As a result, the participants in the study felt it could take anywhere from 10 to 30 years before China's auto industry is truly world class. And that, along with booming domestic demand, is likely to limit the export of Chinese-made cars and car parts... The study uncovers an interest in developing an auto industry - everything from design to production to distribution - distinct to China. But the IBM/Michigan project also shows that China faces many of the same problems troubling automakers, consumers and regulators all over the world. The primary issues can be described as the "three Ps," pollution, petroleum and parking...
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