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 the industry currently has a surplus of production capacity, which stems from structural imbalances rather than overproduction.
According to the official, the ratio of high fuel consumption models in both production and sales remains disproportionately high, while the share of advanced, energy-efficient, and environmentally friendly vehicles is still relatively low. Additionally, transportation-specific vehicles are showing signs of overcapacity due to outdated technology and lower technical standards. This situation reflects a new phase in China's ongoing industrial restructuring efforts.
The remarks underscore the need for a more balanced and sustainable development strategy in the auto sector, emphasizing the importance of innovation, efficiency, and environmental responsibility. As the industry moves forward, policymakers and manufacturers will need to work together to address these structural issues and align production with market demands. (Xinhua News Agency)
Fluid Ends
Fluid Ends,Fluid End Assembly,Fluid End Spare Parts,Fluid End Of Mud Pump
Jiangyin Yida Machinery Manufacturing Co.,Ltd. , https://www.yidamachinery.com