[Shanghai Auto Show] International Parts Buyers Come to China to Find Suppliers

On the 21st, the Shanghai Auto Show held the 2009 Global Purchasing Summit for the automotive industry. As European parts suppliers closed down, the strategic adjustment of international spare parts purchasers to China and the selection of a group of Chinese suppliers with solid strength became the top priorities. This year's Shanghai Auto Show has attracted many international buyers. Among them, more than 100 buyers have come to participate in the procurement summit forum in order to find the target.

On the 21st, the organizer of the forum, President of Gasgoo.com, Chen Kaiwen, told reporters that in the downturn of the US and European auto markets, more than 300 European auto parts suppliers have closed down. Therefore, 2009 will be an important adjustment period for the international auto giants supply chain, while the Chinese market is the top priority. International buyers will prefer a group of Chinese suppliers, while also increasing the proportion of purchases in the aftermarket.

An international auto giant's procurement executive told reporters yesterday that compared with emerging parts and components companies, China's supporting companies have excellent quality and processes, and they have good prospects for development in the international aftermarket.

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