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China's Car Manufacturers Will Ease Trade Friction

China Car Manufacturers

According to the latest information released by the Associated Press, China is going to adjust its investment and trade policies in relation to auto exports. This measure is considered necessary in order to ease troubles the country currently faces with other export industries. The reduction of trade friction will be a step-by-step process, which the Chinese government is planning to implement within the following three years.

European and Northern American markets are still new targets for China's automakers, but they already experience the tensions over their export items following the bad example of other substandard products of China that do not meet international requirements in safety and quality. The new policy of the Chinese government will strive to change this situation by making export production of the country, including that of the auto industry, change to meet the trends of the international market.

Specific details of the new policy planned by the Chinese government have not been released.

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