The first credit “barometer†of the Chinese auto industry will come out someday. An important indicator of China's auto parts industry market credit rating - China's auto parts business credit index will be announced for the first time in January next year. Zhang Hongqing, director of the China Auto Parts Enterprises Credit Information Center, revealed that the Chinese auto parts credit system construction project was initiated by the Ministry of Commerce on May 18 this year. At present, the project expert committee has identified hundreds of sample companies from the entire industry, and the preparation is complete. The first issue of "China's auto parts business credit index." The index's operation is conducted through a sample evaluation of auto parts companies in different geographical areas, different sizes, and different ownership systems across the country. It selected 500 index sample companies to quantify the creditworthiness of Chinese auto parts companies' operating behaviors, and publish them quarterly. . According to reports, China’s auto parts credit system construction project is one of the China’s auto enterprises’ credit system construction projects. It is jointly constructed by the China International Electronic Commerce Center of the Ministry of Commerce and the China Automobile Engineering Society. It plans to pass this project’s construction in three years. The company has completed the credit certification of 2,000 domestic auto parts companies, and gradually promoted them to autos, motorcycles and other fields, and strived to establish a Chinese auto credit system within five years. The near-term goal of China's auto parts credit system construction project is to build a national-level information exchange platform so that Chinese auto parts enterprises can integrate into the global procurement system as soon as possible. The long-term goal is to expand the information exchange platform into an e-commerce international trading platform. Wang Liang
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