Have you ever wondered where cars come from? Well, in China, the car industry is zooming ahead! ποΈπ¨ In a recent visit to car factories in Anhui Province, a car expert named Xu Haidong shared some exciting news.
Even though some countries are making trading a bit trickier with higher taxes (called tariffs), Chinese car makers aren’t slowing down. They have special strengths they developed over years of making cars at home. They are really good at making parts (that’s called supply chains), coming up with new ideas (that’s research and development or R&D), and they have lots of talented people working for them.
Because of these strengths, Chinese car companies can set up factories in other countries and make cars there. This way, they can keep growing and become a bigger part of the world community! π Isn’t that cool?
Reference(s):
Scholar's take: China's auto industry still has room to grow globally
cgtn.com