Development of auto parts industry

In recent years, China's emerging auto market, represented by the popularity of consumer
demand driven by the rapid growth of the global automotive industry to attract the transfer of
the main destination, the rapid development of the automobile industry for local parts
enterprises to provide a huge room for growth , Auto parts exports grew rapidly, the trade
surplus continued to expand.
Since the accession to the WTO, China's auto parts industry is expanding rapidly, 2001-2016 auto
parts industrial output value of the average annual compound growth rate as high as 25.07%,
higher than the auto industry output value of 21.17% average annual growth rate. China's auto
parts industry is in the "Eighth Five-Year", "Ninth Five-Year" period, through the introduction of
parts and components of technology, transformation, and vehicle manufacturers separated, and
by reducing costs, improve production technology, improve product quality, Competitiveness and
gradually developed. With the technical level and the level of production management, the
formation of a number of domestic strength of the parts and components manufacturing
enterprises, some of which enterprises have entered the international brand vehicle factory
global procurement system, with strong market competitiveness. The steady development of the
domestic economy, the rapid development of the automotive market, international buyers to
strengthen the procurement of China's auto parts and national industrial policy support for the
development of China's auto parts industry has brought a good opportunity. According to the
statistics of China Association of Automobile Manufacturers, China's auto parts industry
above-scale enterprises of the main business income from 0.38 trillion yuan in 2005 increased to
3.21 trillion yuan in 2015, in many parts of China has formed a variety of auto parts industry
Chain, improve product quality, reduce production costs and enhance product competitiveness.
China-Base Auto Racing Parts CO.,LTD.As part of auto parts production and sales, we further
integrate market resources and implement global procurement policies for parts and
components. In order to further control the cost to provide strong protection, please visit our
website: http://www.cbracingparts.cn hope to bring you better service and surprise!