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Feb 11, 2015

TRUCKMAKERS NEWS * China: Set for adjustment period

* Experts: Sector needs more sustainable basis


-- China's commercial vehicle industry will enter an adjustment period of three to four years, as the economic slowdown dampens demand and a sustainable development model requires greater transport efficiency and reduced emissions, experts said at a transport industry seminar over the weekend... After lengthy delays, China began to implement the national stage 4 (NS4) emission standards - similar to the Euro 4 standards - for diesel vehicles on January 1, 2015, a move that industry analysts said will cause the removal of trucks and lorries that produce high levels of pollutants and will benefit those with more advanced technology... Sales of commercial vehicles in China fell by 6.53 percent year-on-year to 3.79 million units in 2014, compared to annual growth of 6.4 percent in 2013, according to the China Association of Automobile Manufacturers... Meanwhile, the industry's downturn has not affected foreign automakers' efforts to increase their presence in the Chinese mainland market... Experts still have confidence in the commercial vehicle industry's long-term prospects... China is mulling an amendment to the Law on Road Traffic Safety, and severe overloading could be made a criminal offence, Zhou Wenhui, an expert with the Road Traffic Safety Research Center of the Ministry of Public Security, said at the seminar... (Photo: CFP - Workers assemble a truck at an auto plant in Hefei, capital of East China's Anhui Province) - Beijing,China -The Global Times, by Chen Yang -8 Feb 2015

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