New Project Creates Credit Platform for China Auto Parts Industry


China's auto industry credit system construction project, one of China's auto parts industry credit system construction project, officially launched in Beijing on May 18, 2004. The project was established by the Ministry of Commerce, jointly established by the China International Electronic Commerce Center of the Ministry of Commerce and the China Automotive Engineering Society. It plans to establish a credit system framework for the Chinese auto parts industry over a period of three years, and complete the 2,000 domestic auto parts enterprises. The credit certification, and gradually spread this achievement to the automotive vehicle, motorcycle and other fields, and strive to establish a credit system of the Chinese automobile industry within five years.

Authoritative sources said that the project will have a significant and far-reaching impact on the integration, development, and even internationalization of the Chinese auto parts industry in the coming years. From the perspective of the whole society, the operation of this project has a great promotion and demonstration effect on the overall construction of China's social credit system and international e-commerce system.

The Party’s 16th National Congress once pointed out clearly that “the construction of a social credit system is a fundamental solution to rectify and standardize the market economic order”. In the government work report of the Second Session of the Tenth National People's Congress, Premier Wen Jiabao further issued the call to “accelerate the establishment of a social credit system. It is urgent to establish a system for the collection of corporate and personal credit information, a supervision and management system for credit markets, and a system for dishonest disciplinary action”. At present, the establishment of a social credit system in China is being carried out at every level. As the most important international industry in the pillar industries of the national economy, the urgency of establishing a credit system is even more outstanding.

According to relevant plans of the Ministry of Commerce, China’s auto and auto parts exports will exceed US$20 billion in 2005 and reach 70 billion to 100 billion US dollars in 2010. Wei Jianguo, the vice minister of the Ministry of Commerce, publicly stated that “China is likely to become the global auto parts supply center in the future.” However, at present, the “discrete” and “chaotic” phenomenon of the Chinese auto parts industry and the resulting The credit crisis has become an important factor hindering China's auto parts industry from going international. Some foreign OEMs and large-scale multinational corporations set up various barriers for this purpose, limiting the import of auto parts products from China.

With the rapid development of the Internet economy, e-commerce has increasingly become an important means of international trade. In the course of e-commerce transactions, the demand for credit is higher than that of traditional transactions.

In order to implement the spirit of the instructions of the Party Central Committee and the State Council, and to create a good business environment for China's auto parts industry, the Ministry of Commerce decided to entrust the China International Electronic Commerce Center and the China Automobile Engineering Society to cooperate with each other to jointly create a Chinese auto parts industry. The credit system, in the context of globalization of the automobile industry, continuous development of international e-commerce, and China's comprehensive construction of a social credit system, aims to promote the internationalization of China's auto parts industry, starting with credit certification, and fully integrating the Chinese automotive industry. The information of the component companies will build a fair, authoritative, high-level, and powerful international exchange platform to promote Chinese auto parts enterprises to enter the international market, and at the same time help foreign companies enter the Chinese market.

According to the project construction party, the goal of the project is to establish a credit certification system and related databases for Chinese auto parts enterprises, and on this basis, generate "China's top 500 auto parts enterprises" and other major industries and industry-ranked brand products Guide domestic enterprises to focus on brand building and pursue value maximization. At the same time, domestic companies should be “recognized” in the international market and eliminate some unprejudiced biases.

The specific contents of the project include: 1. Establishing the credit certification standards of China auto parts enterprises. 2. Establish relevant database and dynamic monitoring network of China auto parts enterprises. 3. Carry on credit investigation and certification of auto parts enterprises across the country, and gradually establish a complete credit certification system. 4. Classify the above credit certification results and related data to generate “China Top 500 Auto Parts Enterprises” brand products and other information products, provide services to the international market, and pass commercial counselors of the Ministry of Commerce in 214 countries around the world. The Department and the China Automotive Engineering Association's international relations promote and promote the automobile production and after-sales service system in various countries.

The project construction party also emphasized that the implementation of the project relied on the government background of the China International Electronic Commerce Center (EDI) of the Ministry of Commerce and the powerful information technology platform and the industry influence and expertise of the SAE to ensure the project. The authority, fairness and thoroughness of the product. Through the implementation of the project, the project builder hopes to create a mechanism for the survival of the fittest in the auto parts industry in China, so that the high-quality products produced by auto parts companies that are honest and law-abiding will be widely used in both the domestic and international markets, causing untrustworthy and illegal actions. Manufacturers' fake and shoddy products lose market space and eventually exit the market automatically.

It is understood that although the project has just started, it has attracted widespread attention in the automotive industry and related fields. Some large automakers, parts and components groups and distributors have contacted the project builders in the hope of understanding the situation further. Some senior experts spoke highly of the significance of the project and made sound recommendations for its implementation.


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