According to the agencies, Top 3 American giant carmakers would reduce their plans in China. Since the financial bailout fails to rescue the US big three manufacturers, unfortunately, the automobile parts export would be severely influenced by the shrink of the US big three, GM, Chrysler and Ford. Suppose that the orders may decline in the following seasons, the massive employees in the automobile parts companies might be axed and the laid-off workers do not have enough money to purchase in domestic market. And the depression of the domestic market would trigger more problems to manufacturing fields. Above are contributed to a vicious circle, which means the American financial problem has brought the negative effects to Chinese manufacturing and the influence will go on in the following several months or longer.

However, some economists hold the perspectives that the financial tsunami is also an opportunities for domestic manufacturer to occupy the market, for the reason that the foreign opponents’ evacuation. Even if the optimists can never judge the situation only by status quo. As is known to all, without the competitive price and high quality, domestic manufacturers would never exceed the tradition famous brands. Therefore, not only the manufacturers of finished cars, but also the suppliers of the car parts should carry out some solutions to cope with the opportunities and challenges as well. The depression of the US big three car manufactures is double-edged sword for Chinese enterprises. Firstly, they should scheme the strategy to improve the quality of the products, in order to follow the steps of the main opponents overseas. Meanwhile, they have to provide the competitive and reasonable price for the consumers domestically. If they cannot take advantage of this situation, they would never achieve highly in this region. Moreover, the policy from central government absolutely plays an essential role in the development of the manufacturing fields.

All in all, the financial crisis brings more than Chinese people can imagine. It is the high time for Chinese economists, businessmen and the masses to confront any changes in daily life and try every method to maintain sustained economy growth.

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automobile, Domestic market, export, Financial tsunami