After China’s entry into WTO, our automobile industry has faced both opportunities and challenges。  
On one hand, the automobile industry has had a great opportunity to fully develop our own brands and by learning advanced technology from developed nations like USA, Japan and Germany, China can rapidly develop her own automobiles with her own brand。
   As a matter of fact, in recent years, automobiles produced by Chinese companies with their own technology have gained bigger and bigger portion of the domestic automobile market and Chinese automobile brands like Cherry and Geely have certainly gained more fames both in China and abroad。
   Therefore we have every reason to believe that automobile industry  have  flourished and will continue to flourish after China’s successful  entry into WTO。
   We should grasp this golden opportunity not only to explore domestic market, but also overseas one so that China’s auto industry can find a stable stand in the international arena。
   
On the other hand, however, we have to be aware of the challenges that have been brought to China’s auto industry with her entry into WTO。
   As we can see clearly that more foreign sedan cars have poured into Chinese automobile market due to the promised tariff cut。
   Domestic consumers have more options to purchase cheaper vehicles produced by foreign companies or joint-venture companies located in China, which has brought great threat and challenge to our young national automobile industry。
   In order to win the severe competition between China vehicles and foreign ones, we have to be creative and work hard。 
I believe that although China automobile industry is facing challenges because its entry into WTO, as long as we work hard, keep the pace of innovation and learn from other countries, that the future is still beautiful。
  
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