The 13th China Imported Auto Forum was staged in Beijing on Nov 26.

This session of the forum was co-sponsored by the China National Machinery Industry Corporation and China Automobile Dealers Association (CADA), and organized by Sinomach’s subsidiary China National Automotive Industry International Corporation (CNAICO).

The forum aimed to communicate the issues associated with developing new consumption motives and rejuvenating China’s imported automobile market.

More than 400 people were present at the event. They came from national ministries, national research institutes, and international associations within the industry such as the European Automobile Manufacturers' Association (ACEA), and world leading securities and consulting corporations like HIS, Nelson, and securities organizations, as well as media agencies.

Ding Hongxiang, Sinomach’s vice president, delivers a speech about the realities and prospects of the automotive industry and imported vehicles. He declared that the auto industry as one of the few sectors that is still promising. [Photo from sinomach.com.cn]

Zhang Liqun, researcher for the Development Research Center of the State Council (DRC), said in his speech that China’s economy is expected to stay stable on the whole. Meanwhile, he added, the country will continue accelerating its restructuring and transformation. [Photo from chooseauto.com.cn]

Lu Yanchun, vice director of the Price Supervision and Inspection and Anti-monopoly Bureau of the Development and Reform Commission, noted that the auto industry is still greatly challenged by a lot of restrictions in spite of it being a pillar of the Chinese economy. [Photo from chooseauto.com.cn]

Mr Chen Yongquan, chairperson of the China National Automotive Industry International Corporation (CNAICO), a sub-company of Sinomach, presents an in-depth analysis of the development of China’s imported automotive sector in 2016. He also predicted the trends of the market in 2017and over the next five years. [Photo from sinomach-auto.cm]