Morning News: At a national industrial restructuring conference held in Guilin, Guangxi, an official from the Industrial Policy Department of the National Development and Reform Commission highlighted that China's auto industry is facing challenges in product structure adjustment. The official pointed out that there is a significant surplus in production capacity, which is not just a matter of overproduction, but rather a structural imbalance.
According to the official, the current surplus in the auto sector reflects a mismatch between production and market demand. High fuel consumption models still dominate the market, while the share of advanced, energy-efficient, and environmentally friendly vehicles remains relatively low. Additionally, transportation-specific vehicles are showing signs of overcapacity due to outdated technology and lower performance standards.
This situation underscores a new phase in China’s ongoing industrial restructuring efforts. The government is now focusing on improving the quality and efficiency of the auto industry, encouraging innovation, and promoting greener technologies. Such measures are expected to help align production with evolving consumer needs and environmental goals.
The comments came amid growing concerns about the sustainability of China’s auto manufacturing sector. With global trends shifting toward electric and hybrid vehicles, the need for structural reforms has become more urgent than ever. (Xinhua News Agency)
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