Domestic made parts are facing a foreign invasion

Almost 20 years have passed since China’s auto parts industry started to introduce foreign capital. The situation has changed radically from inviting foreigners to come to meet the threshold requirements of local rate, to a current situation where foreign parts suppliers are entering in groups and people are worrying that the industry is in danger. Statistics show that more than 70 percent of the world’s top 100 suppliers are doing business here and wholly foreign owned or joint ventures are…