Overcapacity of the Automobile Development and Reform Commission

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The problem of overcapacity in the Chinese auto industry has caused the National Development and Reform Commission to be highly vigilant.

Ma Kai, director of the National Development and Reform Commission, said recently that China’s auto industry’s production capacity has already exceeded 2 million vehicles. He expressed concern about this.

Some experts believe that at the end of the “Tenth Five-Year Plan”, the National Development and Reform Commission highlighted the excess capacity of autos. It is undoubtedly warning investors that there are signs of overheating in auto industry investment. It is hoped that domestic and foreign investment will be prudent, and may increase the access threshold for auto projects in the future.

Previously, Chen Bin, deputy director of the Industrial Development Department of the National Development and Reform Commission, also revealed that the situation of overcapacity in China's auto industry will be more severe during the “Eleventh Five-Year Plan” period. If there is no restriction on investment, the auto production capacity can reach 20 million vehicles at the end of the “Eleventh Five-Year Plan” period. Around, more than double the actual demand. To this end, Chen Bin proposes to continue to improve the approval conditions for automobile production projects. Zhang Boshun, secretary general of the China Association of Automobile Manufacturers Market Trade Committee, believes that the country's most likely measure is to raise the threshold for automotive projects. According to "Daily Economic News"




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