Automobile parts exports may fall in China
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.
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