Xinhua News Agency, Paris, January 8 (Reporter Yang Jun) French general manager of the Citroen Automobile Company Claude Saturna said on the 8th that although the performance of the Chinese auto market in 2004 was not as good as the previous two years, he believes that in the long term China will become the second largest automotive market in the world. In announcing the company's annual operating report, Satineau said that Citroen cooperated with China in 2004 to produce 78,000 cars, and the output in 2003 was 104,000. The reason for the decrease in production is that the Chinese auto market has experienced “blowouts†in the past two years. Demand dropped sharply. In addition, at present, China has too many new manufacturers to participate in competition, triggering a fierce price war. In order to ensure the brand value, Citroën actively limited its production. Satynay said that although the Chinese auto market entered a period of adjustment in the short term, in the long term, that is to say within a foreseeable 10 years or so, China will become the second largest auto market in the world. He believes that after a period of time, the Chinese auto market will be reorganized and growth will be stable and strong. Yan Nilong, head of China affairs at Citroen, told reporters earlier that the pressure on the Chinese market in 2004 was that foreign companies entered China very early. He expressed his belief that China's new automotive industry regulations will promote healthy competition in the Chinese automotive market. He has confidence in the development of the Chinese automotive market.
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