Tianjin eyes its auto future
The north China municipality of Tianjin outlined in its 11th Five-Year Plan for the 2006-2010 period to become, by 2010, the country's third largest auto and auto parts production base after Shanghai and the northeast China province of Jilin, Asia Pulse reported. Under the plan, Tianjin will encourage domestic and global carmakers to set up manufacturing plants, R&D centers and procurement centers in the municipality. Within five years, Tianjin envisions an annual motor vehicle output of 1.1 million units, including one million cars, with a total industrial output value of US$17.3 billion. The municipality's motor vehicle output stood at 224,000 units in 2004, including 220,000 cars, generating a total industrial output value of US$4.2 billion.