As global markets navigate shifting trade dynamics, China's automotive sector is emerging as a resilient contender with untapped potential, according to industry analysts. Xu Haidong, Deputy Chief Engineer of the China Association of Automobile Manufacturers (CAAM), recently highlighted the sector's strengths during a visit to Anhui Province's manufacturing hubs as part of CGTN's documentary series.
Xu emphasized that years of intense domestic competition have forged robust supply chains, cutting-edge R&D capabilities, and a skilled workforce—advantages he says position Chinese automakers to overcome rising international tariffs. "By establishing localized production in key markets," Xu noted, "these companies can achieve sustainable growth while fostering deeper global integration."
The insights come as automakers explore strategies to balance geopolitical challenges with opportunities in emerging markets. Analysts suggest this approach could redefine Asia's role in shaping next-generation automotive innovation and trade patterns.
Reference(s):
Scholar's take: China's auto industry still has room to grow globally
cgtn.com