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China's annual output of automobiles is poised to break 50 million, said Dong Yang, executive vice chairman of China Association of Automobile Manufacturers (CAAM). Dong made the announcement at the 2017 China Auto Forum held in Shanghai on May 15.
China will look to Brazil and to a lesser extent Argentina, in addition to increased domestic production, to replace American soybeans, said Wendong Zhang, a professor at Iowa State University. He said that China would end up paying more for soybeans from Brazil.
China will play a key role in Adient's strategy of expanding its non-automotive revenue to billion per annum by 2021, thanks to the country's ongoing transportation infrastructure development, said a senior executive of the company.
China's aviation express sector is taking off as major delivery players expand their fleets, but industry experts said it is just the beginning of the industry's full-blown development.
China will keep its prudent monetary policy "neither too tight nor too loose" while maintaining market liquidity at a reasonably ample level in 2019, according to the annual Central Economic Work Conference held last month.
