Automotive Parts Usher in “Made in Guangzhou”
2021-11-12
The automotive industry is Guangzhou’s largest pillar industry. To further extend the automotive industrial chain, the Municipal Government Executive Meeting held on the 17th reviewed and approved the “Implementation Plan for the Construction of the Guangzhou International Automotive Parts Industry Base” (hereinafter referred to as the “Plan”). The Plan proposes building the Guangzhou International Automotive Parts Industry Base under a “1-5-3” strategy—namely, one base, five industrial parks, and three key areas—and aims to achieve an additional output value of RMB 200 billion for the automotive parts industry base by 2020, while raising the localization rate of critical components to 80%.
2021-11-12
Currently, the emerging home-living needs of middle-aged and older consumers are attracting significant attention from the industry. From a consumption trend perspective, the silver generation is no longer seeking traditional, one-dimensional furniture or appliances; instead, they are looking for smarter, more integrated home solutions—indeed, comprehensive system-based solutions that can meet their holistic lifestyle needs. Consequently, many companies are positioning themselves in this space, seizing the opportunity to unlock the “code” for the next wave of industry growth.