Auto Industry In China To Slow Down

However, it looks like the present state of the country is actually showing the world signs that the sleeping giant is already starting to stir and wake up. In the process, it would soon be considered as one of the largest manufacturers and powers in the entire world.If this does continue to happen, the mentioned industry could have overproduction problems in the near future. Even the country's National Development and Reform Commission was reported to have said, "Signs of overcapacity have already appeared, and could worsen." The NDRC is China's top economic planner.The entire automotive industry has been on the lookout for the Chinese entrants for they actually do know what kind of products the country could bring. However, it does seem like the country itself has already started to put a damper on things and would be putting a slow down sign for the Chinese auto makers.
A statement given out by the NDRC said that they would be asking auto companies in China to actually hit a given target when it comes to sales. The downside would be that if these companies do not hit the target. The commission could actually close the businesses down.