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"We are offering a maximum of 45,000 yuan in preferential benefits for special auto models," Shen added.
According to Wang Danxing Cheap NHL Jerseys , the only way for domestic automakers to avoid the price wars is to adjust production.
"Domestic brands have to stop chasing after profit growth exclusively. To achieve sustainable growth, they should gradually steer to the middle- and high-end auto market through technological innovation and restructuring Cheap NHL Jerseys ," he said.
Song Donglin, head of the Jilin University of Finance and Economics, echoed Wang Danxing's views, suggesting that Chinese automakers should identify market changes and develop new models that will cater to the tastes of the market.
"Following changing consumption attitudes Cheap NHL Jerseys , vehicles targeted at middle- and high-end consumers will spark the auto market in the near future," Song said.
Citing the development of the world's major automotive powers, such as the United State and Japan, Li further urged the country's automotive sector to improve industry concentration through mergers and acquisitions.
"Only by creating a higher degree of industry concentration can the country's automakers become powerful," Li said.
BEIJING, Nov. 10 -- China's home prices rose by the lowest rate this year in October as government tightening measures seemed to take effect.
The National Bureau of Statistics (NBS) said Wednesday that prices in 70 major cities grew 8.6 percent year on year in October. The growth rate has eased for six straight months since peaking in April at 12.8 percent.
However, NBS data showed home prices rose 0.2 percent from September, underscoring the need to keep discouraging speculation and to prevent asset bubbles.
Year-on-year growth rates in the first 10 months were: January 9.5 percent, February 10.7 percent, March 11.7 percent, April 12.8 percent, May 12.4 percent, June 11.4 percent, July 10.3 percent, August 9.3 percent, September 9.1 percent, October 8.6 percent.
So far this year, government measures to crack down on property speculation and curb excessive gains in home prices include:
Jan. 10: The State Council says it will maintain the minimum down payment for purchases of second homes at 40 percent. It asks the central bank and banking regulator to step up oversight of mortgage lending.
Jan. 21: The Ministry of Land and Resources requires a minimum 70-percent of new land supply be used for affordable housing and smaller apartments, and prohibits land grants for villa construction.
Mar. 10: The Ministry of Land and Resources requires property developers to pay a 50-percent down-payment on land acquisitions within a month of signing the contract. They must also pay a deposit, equal to 20 percent of the minimum price for the land, when participating in auctions.
Mar. 12: The Ministry of Land and Resources launches an investigation into land hoarding from March to July.<