At the 2018 Boao Forum for Asia, President Xi Jinping proposed "releasing restrictions on the foreign capital ratio of the auto industry as soon as possible" and "substantially reduce vehicle import tariffs this year." On April 17, 2018, the National Development and Reform Commission announced that the auto industry will implement a transitional period for sub-categories, and cancel the restriction on foreign-invested shares in commercial vehicles by 2020. This news triggered a heated debate in the auto industry. During Fast's "Technology and Innovation Week", Yan Jiabao , chairman of the Fast Group, expressed his opinion on this. From a global perspective, open cooperation is the trend of the times. In the future, the further opening up of China’s auto industry will bring opportunities and challenges to commercial vehicles and parts and components industries. On the one hand, China’s commercial vehicles and parts and components companies can better integrate into the international market and take advantage of the “open doorâ€. The "big" Dongfeng better "goes out"; on the other hand, foreign brands will also participate more fully in the Chinese market competition, which puts forward higher requirements for the development of parts and components companies. “For example, Chinese parts and components companies should shorten the research and development cycle of new technologies and expand their advantages in terms of product performance, quality, cost, service network, etc. We must do better than foreign brands in order to fully respond to more intense market competition. Develop and grow!" said Yan Jianbo. Yan Jianbo also emphasized that in the process of further expanding the opening of the commercial vehicle industry, enterprises should be alert to a problem that they must not lose the ability to independently innovate and self-develop. China's commercial vehicles and parts and components companies are not closed and are not conservative. We look forward to further opening up and cooperation, but the premise is that we cannot lose our autonomy. Chinese companies must improve their own R&D capabilities and should not become contract factories or assembly factories for foreign brands. In the future, whether China's commercial vehicles and parts and components industry can well cope with the pressure brought about by market competition, Yan Jianbo expressed that he is very confident. Because long-term self-owned commercial vehicles account for more than 90% of the market, commercial vehicle key assembly engines, transmissions , and axles are also dominated by independent brands. He believes: “In the commercial vehicle and parts industry, independent brand companies have the R&D and innovation capabilities and market development experience. In the future, we still need to continue to be self-reliance, self-reliant, independent innovation, not illusionary, independent of others, and independent brands. Enterprises will have more and more powerful competitiveness." Pregnant Mare Serum Gonadotropin
Equine chorionic gonadotropin (acronym given as eCG but not to be confused with ECG) is a gonadotropic hormone produced in the chorion of pregnant mares. Previously referred to as pregnant mare's serum gonadotropin (PMSG), the hormone is commonly used in concert with progestogen to induce ovulation in livestock prior to artificial insemination.
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Fast Group Chairman Yan Jianbo 
Products displayed at Fast Technology Innovation Week 