Prospects of Chinese Auto Industry
Source: The Economic Observer
From: China

Dr. Thomas Schiller was quoted in the Chinese leading business newspapers regarding prospects of Chinese auto industry. This article tries to understand the future global landscape of the auto industry and where China will be positioned. To face the challenges and build a competitive Chinese auto industry, Dr. Schiller recommended three major changes: 1) Restructuring and consolidation of the OEMs; 2) Self Innovation - very few OEM are able to survive without their foreign JV partner and self innovation is the key for Chinese OEMs' sustainable growth; 3) More liberal competition instead of current tight regulated auto industry.