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1、太原科技大学毕业设计 Chinas WTO accession impacts on domestic automobile industryarudimental approach from the view of scale economyAs a result of successful domestic economic reforms combined with a fast-developing international market that is willing to purchase its labor-intense products, Chinas economy ha
2、s grown approximately 10% per year over the past 28 years and the GDP per person has grown up to 10561RMB in 2004. This remarkable development has made China the second largest beneficiary of direct foreign investment, behind only the US. China has by far the largest developing economymore than 30%
3、larger than Brazils. Chinas ranking in the world economy is expected to continue improving in the coming decades .Fueled by the favorable open environment for MNCs (multinational corporations) to invest in domestic manufacturers and the increasing income for urban residents,Chinas automobile industr
4、y is likewise experiencing the fastest growth in its history.The total output (including saloon cars, camions and other special types) increased from 1475 thousand in 1996 to 5700 thousand in 2005, and the automobile possession rate per person increased from 0.2364% in 1996 to 1.1364% in 2004. On No
5、vember 15,1999, US and Chinese officials reached a bilateral agreement on Chinas bid for membership in the World Trade Organization (WTO) 2. Upon its admission to theWTO in 2001, China agreed to make several major reforms (including the Tariff Reduction Schedule and the Ration Abrogation Schedule) t
6、hat will bring about great impacts on Chinas automobile industry.Much research has focused on the potential damage to domestic automobile producers when they have to compete with foreign magnates, some has given recommendations for Chinas less developed automobile industry to meet the challenges, an
7、d others even claims that Chinas inchoate automobile industry will notsurvive. But little has been written from the perspective of benefits, specifically the opportunities for the producers to enhance the manufactural technology and benefit from scale economy. This article attempts to fill this gap,
8、 offer evidence and data to prove that the expectation of potential competition when China is involved in WTO forces the automobile manufacturers to pursue industrial concentration, which will lead to scale economy and decrease the average cost in Chinas automobile industry.This trend will ultimatel
9、y narrow the price gap between domestic market and worldmarket and the total social welfare will increase.1. Introduction:Chinas economy has grown approximately 10% per year over the past 18 years.During this same period one of Chinas pillar industries, automobiles, has experienced the fastest growt
10、h in its history. In fact, China is becoming one of the worlds fastest growing markets for automobile manufactures and services. According to a study byPieter Bottelier on the impact of World Trade Organization (WTO) membership onChinas domestic economy , China currently has the largest market for a
11、utomobiles.The total output (including saloon cars, camions and other special types) increasedfrom 1475 thousand in 1996 to 5700 thousand in 2005, and the automobile possessionrate per person increased from 0.2364% in 1996 to 1.1364% in 2004. The SinoUS agreement signed in 1999 paved the way for Chi
12、nas successful entry into the WTO, which will further accelerate Chinas economic development and as a result create huge demand for auto products and services. In this bilateral accord, the Chinese government made a significant concession by agreeing to open Chinas automobile market to the outside w
13、orld. Upon its admission to the WTO in 2001, China agreed to make several major reforms (including the Tariff Reduction Schedule and the Ration Abrogation Schedule) that will bring about great impacts on Chinas automobile industry. For example, China will reduce the import tariff ratio from the curr
14、ent 22.1% to 17%, and correspondingly the tariff will be also reduced from the current 80%-100% to 25% by 2006. And all the quotas will be eliminated and foreign enterprises can import and export their products without agents. This agreement phases out many restrictions on foreign investment in this
15、 sector and offers tremendous business opportunities for foreign companies in Chinas vast auto market.International auto manufactures, encouraged by the Chinese governments promise, have spent considerable time and money trying to determine the best way into this last and largest potential auto mark
16、et. The amount of foreign investment in the manufacture of automobiles in China is already significant. For example, large US and international manufacturing companies, such as GE, Ford, Toyota, and Honda, currently invest heavily in China. Such foreign investment will continue to grow as China pursues its desire to become an important export base for a wide range of auto products. Increased foreign investment will undoubtedly brin
