The international financial crisis has aggravated the manufacturing slump in Western countries, but it has brought development opportunities to China's manufacturing industry. Recently, the reporter learned from the Jinan CCPIT that following the automobile-producing country of Germany, Canada, the world’s leading auto parts producer, also targeted Shandong and wanted to cooperate with China National Heavy Duty Truck and other companies to invest and build factories in Shandong.
The financial crisis has led to sluggish consumption in the mainstream automotive markets such as Europe and the United States. Some countries that rely mainly on the production of auto parts and components have no choice but to start turning and seek new development opportunities. A few days ago, the Canadian Embassy responsible for automotive, machinery manufacturing business specialist made a special trip to visit the China National Heavy Duty Truck Production Base and the China (Jinan) International Truck and Parts Exhibition Organizing Committee. The Commissioner made it clear that he hopes to pass the professional Heavy truck cooperation platform provides cooperation space for Canadian and Chinese heavy truck companies.
The head of the China (Jinan) International Truck & Parts Exhibition organizing committee and Chairman of the Jinan CCPIT Li Yuming told reporters that the financial crisis has prompted the international auto market to reshuffle, which is a rare opportunity for China. "The decline in energy, resources, and talent prices caused by the financial crisis, coupled with the shrinking of talents, research, and capital in the original environment, has brought unprecedented opportunities for the introduction of external talents, technical equipment, and capital. In particular, it will provide space for promoting the upgrading and development of many ethnic industries including heavy trucks, and will also play a strong role in promoting the promotion of regional industry chain and regional influence.â€
As an internationally advanced auto parts manufacturing and research and development base, Canada has previously supported major automotive markets such as North America and Europe, and well-known companies in the United States, Germany, Japan, and other major automobile-producing countries have invested and built plants in Canada. . The international financial crisis has aggravated the manufacturing slump in western countries, and also brought historic development opportunities to China's manufacturing industry. Shandong, as a major province of heavy-duty vehicles manufacturing, has an increasingly prominent market potential and has attracted the German ZF Group and the mainland. Many international auto parts giants, including the Group, have come to invest and build factories.
“The introduction of China’s 4 trillion construction-scale investment and related industry revitalization plan has played a significant role as a booster for China’s economic development. The heavy-duty truck industry, which has close ties with infrastructure construction and logistics development, has benefited significantly. The market is generally optimistic about this year's heavy truck market," said Li Yuming.
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