and its ceiling will be too low
and its ceiling will be too low. Amid the intense global market competition, this could lead to a wave of failures. Chinese automotive manufacturers are already facing such a trend. Recently, after companies like Hozon Auto, HiPhi, WM Motor, and JIDU, news has also emerged of a potential crisis at FAW Jilin Automobile If, as Mr. Chan predicted, a “wave of failures” occurs, with widespread bankruptcies and layoffs, it would indicate flaws within the automotive industry itself, i.e., flaws that can no longer be digested or remedied within the industry. Therefore, he suggests that government industrial policies should focus more on the overall industry, rather than just individual sectors. Since there is now an emphasis on a “unified national market” in China, if industrial policies do not keep สล็อต เว็บตรง