For more about China’s auto industry and market, Christian louboutin shoes we are joined by our reporter Lv Yao in the studio.

Q1: Lv Yao, red bottom shoes what has driven the government not to encourage foreign investment in whole car manufacturing anymore?

A1: Well, we probably have to set the record straight a little bit, since the new directives came out, there has been some misunderstanding. Here we are talking about not encouraging new foreign investment in China for whole car manufacturing in the foreseeable future. It’s important that this not be seen as discouraging car manufacturing. As we know, Christian louboutin China has the biggest car market and as such major car auto makers operate in the country. As a result we have seen their steady growth over the years in terms of profits. And one of the factors industrial analysts point out is that China’s auto manufacturing industry can reach 28 million units per year at full capacity. As for purchases, in 2011, red bottom boots the figure for domestically manufactured cars was just over 18 and a half million. In this sense, there is no need for additional car manufacturing capacity as there is clearly an excess right now. According to the China Association of Automobile Manufacturers, domestic brands face tough challenges. For example, Christian louboutin the market shares of domestic brand passenger vehicles decreased by more than 3% year on year. In light of this, auto industry analysts are saying Chinese domestic car brands may look at the new policy as positive news as they will be protected from facing new competitors in the domestic market.

Q2: Lv Yao, Christian louboutin shoes are there any new signals for the future the Chinese auto industry?

A2: Well, I would say as it moves closer to going green, red bottom shoes there will be more new opportunities for car makers and component manufacturers to explore this spectrum. Manufacturing of new-energy vehicles like hybrids and plug-in electric cars have been increasing fast. But guess what, red bottom heels how many new energy vehicles were manufactured in China last year? Only 8,368 units. How many were sold? 8,159 units. In this sense, there is clearly room for Chinese drivers to gain interest in the country’s green car market. Monster beats studio According to Chinese authorities, there will be more specific roadmap in the near future to encourage new energy vehicles. The China Association of Automobile Manufacturers has forecast that in the coming years, there will be huge increase of new energy car manufacturing and sales in China’s market. Christian louboutin shoes sale For instance, some Japanese auto makers have expressed their intention to manufacture hybrid or electric cars in China’s joint-venture factories two years from now.