China to Reorganize State-Owned Automakers for Global Integration
China plans to reorganize its state-owned automakers to boost their global competitiveness and integration into the global innovation network, as stated by Gou Ping of the State-owned Assets Supervision and Administration Commission.
China is set to undergo a reorganization of its state-owned automakers to enhance their global competitiveness and facilitate overseas development. This initiative aims to integrate these automakers into the global innovation network. Gou Ping, the vice chairman of the State-owned Assets Supervision and Administration Commission, highlighted this strategic move, as reported by the national broadcaster CCTV.
In summary, China’s plan to restructure its state-owned automakers focuses on promoting global integration and innovation, enhancing the presence and competitiveness of these entities in international markets. This initiative represents a significant step towards modernizing China’s automotive industry.
Original Source: m.economictimes.com
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