China Boosts Car Makers through New Stimulus Plan

China Boosts Car Makers through New Stimulus Plan
As the basic foundation for industrial and enterprise development, talent strategy is essential. At present, China is experiencing a critical period of auto industry development. In the scenario of global fierce competition, the shortage of talents has emerged as a "bottleneck" impeding rapid progress of the industry. Hence the key factor to sustainable development of automobile industry lies on talents.

China now has unveiled a wide-ranging stimulus plan to boost key industries as part of a series of measures designed to counter the effects of a global economic slowdown.

This package includes the halving of sales tax on small cars and subsidies designed to revive the country's car industry, one of the pillars of the world's third-largest economy.

For about 30 years of reform and opening up to the outside world, China's annual auto output increased to near 9 million from 150,000, together with ever-increased production scale. With the rapid development of auto industry, the talent force is continuously expanding.

On the 4th China Auto Human Resource Forum, the senior expert of the FAW Group Corporation said, with more highly skilled talents, we can promote industrial development and strive for automobile 'creative' big power from 'manufacturing' big power.

It is reported that more than 200 participants from different enterprises, colleges and universities, research institutions gathered at the forum and discussed the auto talent training and education, the cooperation mechanism among government, enterprise, college and university, research institutions.

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