【文章內容簡介】 t needs to be done in developing the infrastructure to support growth, in terms of roads, in terms of the sales and distribution (that work) and…, also in terms of financing. However, progresses have already been made, and with China’s entry into the WTO, I believe that this progress will accelerate at a rapid pace. With that kind of potential, all of the major players in the auto industry today would love to have a solid presence here. The panies that automatically win, though, will be the ones whose core values lead them to the kind of mitment and innovation that will win the hearts and minds of these future customers.Let me give a quick overview of our activities in China today. We have around 3,900 employees, and out of that figure, about 3,800 of them or 97% are Chinese citizens. The presence of expatriates in many key jobs is typical for young operation, and we are expected the number of expats in our China operation will decline from the current level of around 100 to about 50 within a relatively short time. Longer term, given our experiences in other countries, I will expect us to operate with just a handful of expatriates. Our workforce here is highlyeducated, welltrained and very eager to do more. We also expect many local employees to move up to higher positions not only within GM China but in other operations around the globe.Just last week, I had the pleasure of meeting with several Chinese nationals, many of whom have worked at GM China and are now working at our headquarters and vehicle operations in the Detroit area. They are a most impressive group. Here in Shanghai, we have a 5050 joint venture called Shanghai GM, SGM, we call it for short. Its activities range from sheet metal stamping to engine and transmission manufacturing, as well as vehicle assembly, marketing and administration. Total investment is about US $ b. Products manufactured at SGM include our family of 4 midsize sedans, based on the Buick Regal別克君威 and Century別克世紀 built in the ., // the Buick GL8 executive wagon 別克GL8陸尊/路尊/陸上公務艙also based on the van built in the ., and Buick Excelle 別克凱越, a pact car緊湊型車based on the Opel Corsa歐寶可賽, originally designed and built in Europe. The sale of China’s first pact car intended specifically for the growing middle class. All of these vehicles are tailored to specific driving conditions, regulations, and customer desires here in China, tailored to our Pan Asia Technical Automotive Center (泛亞汽車技術中心有限公司), or PATAC joint venture. And I have more to say about PATAC in a moment. The Shanghai Manufacturing and Assembly Complex is the most advanced in all of China. It uses stateoftheart processes in the areas of flexible tooling, for example, a lean manufacturing（精實生產）. It also incorporates some of the industry’s most advanced pollution control equipment and procedures, including emissions and waste water treatment technology.We also have a 5050 truck manufacturing joint venture in the city of Shenyang, which we call Jin Bei GM (沈陽金杯通用汽車). This plant represents an investment of $ 230 m, and it, too, incorporates stateoftheart manufacturing processes, and pollution control equipment and procedures. It began building the