Changsha, China - December 16 (Reporter Liu Shuangshuang) At the 2005 China (Changsha) Automobile Summit held today, Guo Konghui, a renowned automotive expert and the only academician of the Chinese Academy of Engineering, emphasized that China's auto industry has made significant progress and is now among the world leaders. As the third-largest vehicle sales market and the fourth-largest automobile producer globally, China must not only match but surpass global standards by achieving what he calls the "five selfs" — self-reliance in opening up, branding, development, innovation, and growth.
Guo highlighted that these five principles are crucial for overcoming the challenges facing China's automotive sector. He pointed out that while South Korea, which started its independent development more than a decade after China, has built a strong auto industry, China still faces debates about the importance of national brands. To rise in the context of globalization, Guo believes China needs to balance openness with autonomy. By growing internal capabilities through openness, it can overcome dependency and build a strong brand identity, leading to sustainable and innovative development.
He explained that the industry's core competitiveness should shift from "assembly localization" to "development localization" and "knowledge indigenization." This transformation will eventually lead to a virtuous cycle of self-driven growth. Guo also noted that the production and sales volume of Chinese automobiles increased significantly from 1.06 million units in the 1990s to 5.07 million in 2004. Companies like Chery and Geely have been quietly expanding, showing great potential.
With continued reforms and a focus on "importing, digesting, and innovating," Guo remains confident that China's auto industry can eventually take the lead on the global stage.
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