2026-06-26
54 分钟Nearly five decades ago, a car was simply a means of transportation in China.
Today, it can be an office, a living room, a camping companion, a racing hobby, or even a digital platform.
With new measures to unlock the auto aftermarket, could this be China's next big driver of growth?
And what new opportunities could that create for consumers, businesses, and the broader economy?
Hello, and welcome to the panel discussion of World Today. I'm Xu Yawen in Beijing.
China has launched a 40-city pilot program and introduced 17 policy measures to expand the auto market.
By removing unreasonable purchase restrictions and boosting the auto aftermarket,
China aims to stimulate growth across the entire automotive value chain.
What exactly is included in this full-chain approach to auto sales?
Will we see an auto aftermarket boom here in China?
And what new opportunities could be unleashed for consumers, businesses, and the broader economy?
To answer these questions and more, I'm joined by Dr. Li Luan, assistant professor of economics at Peking University,
Professor Muhammad Ali Nasir, visiting fellow at University of Cambridge, visiting professor at Peking University,
and professor of economics at the University of Leeds,
and Sabu Bhatt, founder and CEO of China Trading Desk. Welcome to the program, gentlemen.
Professor Li, let me start with you. So full-chain auto consumption is becoming a buzzword this week.
But what does it really mean for drivers?
How does it change the way people buy, use, and modify their cars?
Yeah, so this full-chain auto consumption is really a new policy focus initiated by the Chinese government.
And I think the focus right now is no longer just in encouraging people to buy the first car