European automobile businesses which is in a difficult time because of the slump of market demand have all worked out their China strategy, an European Union Official said at a China-EU symposium for auto and auto parts manufacturers launched on Sept. 21, according to Xinhua.

A project officer with the Delegation of the European Commission to China confirmed that the European auto market experienced slow growing in recent years and many auto and auto parts and components makers were eager to move to China, the fastest-growing auto market in the world, to secure and expand their business, and to maintain their market competitiveness as well.

In the past decade, China's auto market has increased by several times and will sustain this staggering upward momentum in the 20 years to come, which means tremendous opportunities for the European auto sector, said the official.

At the workshop TIM, project manager of the Deutscher Industrie-und Handelskammertag (DIHK) gave detailed introduction of 23 EU auto parts makers and expressed their hope of collaboration to representatives of more than 70 Chinese auto manufacturers from different parts of China.

By People's Daily Online