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XINHUA CHINA LTD.'s Strategic ReadjustmentFont size: A | A | A8:00 AM ET 4/21/09 | PR Newswire
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10:36 AM ET 4/21/09
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After a lot of market research, XINHUA CHINA LTD. (OTC Bulletin Board: XHUA) believes that the automotive market will become one of the largest markets in China within years. The vehicle markets in China increase by 10% every year. Consequently, the automotive aftermarkets in China rise by 10% annually too. The automotive aftermarkets in China are taking shape. At the same time, the demand, such as regulating the market products, smoothing the market information and improving the physical distribution of the auto-parts markets from the auto-parts manufacturers and auto-parts end users, is steadily on the increase. Therefore, XINHUA CHINA LTD. decides to take part in the auto parts market services of China.
Core business
1. To formulate a close working relationship with State Bureau of Technical Supervision as well as trade associations, and to offer all-around service for the auto-parts manufacturers, garages and car-owners.
2. To establish an auto aftermarket business trading platform in China. To establish the auto parts product online browsing system and online transacting security system.
3. To establish the Auto parts online trading credibility system.
4. To establish the Auto parts online trading achieving system.
Economic outlook
According to statistics, the auto parts production in China reached 900 billion yuan in 2008 and will increase by 10% every year. Consequently, the sales volume of auto-parts markets will occupy 10% of the gross product in 2009, which means the sales amount will reach 100 billion yuan. XINHUA CHINA LTD. will formulate an online business trading platform and reach 5% market share within three years, 10% market share within five years and 15% market share within ten years.
