Main advantages:
Automobile industry has long been the pillar industry of China's economic development, because the whole vehicle manufacturing industry chain is long and wide, which has a great promoting effect on stimulating economy and consumption. During the 20 19 session, the government work report emphasized the promotion of domestic demand and the stabilization of automobile consumption, which once again clarified the pillar position of the automobile industry.
China's automobile market sales declined for the first time, but the number of cars is still increasing. Compared with developed countries in Europe and America, the per capita car ownership is low, and there is still much room for improvement in the market. By the end of 20 18, the number of automobiles in China had reached 240 million, including 20100000 minibuses.