Global attendees at the ongoing 23rd Guangzhou International Automobile Exhibition expressed excitement over China's booming automotive market, highlighting Chinese vehicles' innovative technologies, rising quality, and competitive pricing.
As south China's biggest annual automotive industry exhibition, this year's event is taking place from Nov. 21 to 30 in Guangdong Province.
The growing variety and quality of Chinese vehicles has attracted visitors from around the world, with the selection on display impressing even those from countries with traditionally strong automotive industries.
"I want to see what's going on the Chinese market. I'm some quite often in China and it's so rapidly evolving. It's super exciting to see all the new cars brands coming up and new technologies. I'm actually here to get a feeling of the market," said a visitor from Germany.
Others marveled at the tremendous progress of China's auto industry in a short time span.
"So many new concepts, really nice looking, especially Chinese-made [cars]. The Chinese car industry has tremendous progress in recent years. I've been out of China in college and actually I left China in the beginning of 2020. When I returned after four years, I didn't recognize it. They're all brand new cars, all new designs. It's really number one now in the world I think," said a visitor.
Some Chinese carmakers have been making names for themselves around the world as brands that provide high value for cost. One example is smartphone and consumer electronics products maker Xiaomi, which last year unveiled its first electric car after just three years of development.
"I'm looking forward to seeing Chinese brands, innovative brands like Xiaomi. I really love Xiaomi. Because I think in China you have a lot of potential, a lot of new cars. I'm looking for Chinese brands, mainly," a visitor said.
"Some really good Chinese vehicles are being made. The quality is increasing. The price is great. I think the Chinese vehicles are taking over [the lead in the global auto market]," another said.
Overseas visitors to Guangzhou auto show applaud China's auto industry progress
The "soft landing" of the China-EU electric vehicle case will greatly boost market confidence and inject new momentum into China-EU cooperation in automobile trade and investment, a spokeswoman of the Ministry of Commerce (MOC) said at a press briefing in Beijing on Thursday.
He Yongqian, the spokeswoman, made the remarks after China and the European Union (EU) agreed on the necessity of providing general guidance on price undertakings for Chinese companies exporting battery electric vehicle (BEV) passenger cars to the EU.
"China and the EU simultaneously announced on Monday that they had achieved positive outcomes following multiple rounds of consultations on the EV case, a development that has drawn wide attention at home and abroad. Industry players from both sides have 'highly welcomed and fully endorsed' the outcome, saying the 'soft landing' of the case is expected to greatly boost market confidence and inject new momentum into China-EU cooperation in automobile trade and investment. Some EU politicians have described it as a positive step toward building a sustainable China-EU trade relationship, and said it demonstrated that resolving trade differences through partnership remains feasible," she said.
"Against the current international backdrop, China and the EU, acting in a spirit of mutual respect and within the framework of WTO rules, have properly addressed the EV case, which is of significant positive importance. The outcome will not only contribute to the sound development of China-EU economic and trade ties and help safeguard the stability of the global automotive industrial and supply chains, but will also send a clear and strong signal that both sides are willing to uphold a rules-based international trading order, setting a good example for countries to resolve differences through dialogue and consultation and injecting greater certainty and positive energy into global economic growth," she said.
"China appreciates the spirit of dialogue showed by the EU side and stands ready to work with the EU, building on the current positive outcomes, to further implement the consensus reached by the leaders of the two sides, maintain dialogue and communication, and support stable industrial and supply chains on both sides, continue to deepen cooperation on the basis of market principles, and make active contributions to the global green transition," she added.
"Soft landing" of China-EU EV case to significantly boost market confidence: MOC spokeswoman
"Soft landing" of China-EU EV case to significantly boost market confidence: MOC spokeswoman
