Shanghai auto parts show attracts renowned foreign firms

SHANGHAI, Nov. 19, 2005; (Xinhuanet) -- More than 200 Chinese and overseas suppliers will attend Shanghai international exhibition for auto parts and accessories scheduled for Dec.6-9.

Among them are auto parts giants such as Bosch, GE, Dupont and Goodyear. And France, the Republic of Korea, Singapore, Japan, aswell as Hong Kong and Taiwan will send delegations to the show, said sources from Adsale Exhibition Services Ltd, the organizer.

The forecast that China will become the world's third largest auto producer this year has turned the Shanghai show into a targetmarket that no companies of auto parts and accessories in the world would like to ignore, a spokesman for Adsale Exhibition Services Ltd said.

So many foreign auto parts suppliers will bring their latest products and technologies to the show, said the spokesman.

Zhang Xiaoyu, honorary chairman of the council with China Automotive Industry Association, predicted that China would replace Russia to become the third largest auto producer in the world by the end of this year, with its automotive output expected to exceed 5.6 million.

He said that China's automotive industry would maintain its growth rate little higher than that of the country's gross domestic product (GDP) in the future, and one of the four tasks for developing its automotive industry is to build a powerful industrial base for auto parts.