Hyundai Motor Co said on Tuesday it would build two factories in China Mackensie Alexander Jersey , its first new manufacturing plants since 2012 as the South Korean automaker bets on growth in the world's biggest car market even as the economy slows.


Hyundai said the factories, which will start production in 2016 and 2017, would help it better compete with rivals including Volkswagen and General Motors. Affiliate Kia Motors Corp also said it would expand capacity at one of its three Jiangsu province factories to up to 450,000 vehicles by 2016 from 300,000 now.


The automakers declined to give a value for the investments but Hyundai said the factories - which are capable of producing 300 Jalyn Holmes Jersey ,000 vehicles each - would help it and Kia maintain their market share of over 10 percent in China.


The duo said they expect to have a combined China production capacity of 2.7 million passenger and commercial vehicles by 2018.


Hyundai and Kia's expansion plans come a few days after executives at Toyota Motor Corp told Reuters the Japanese automaker was likely to miss its 2014 target due to a faster-than-expected economic slowdown.


The plans announced on Tuesday also provide further evidence that the two automakers are easing an unofficial moratorium on capacity growth imposed about two years ago by Chairman Chung Mong-koo due to quality concerns.


Hyundai said construction of its Hebei province plant, to be located in city of Changzhou, will start in the second quarter of 2015. The factory will be able to produce small vehicles by the second half of 2016 and production will reach full capacity by 2018.


Construction on the Chongqing plant will start in the third quarter of 2015. That factory will make small and mid-sized vehicles as well as vehicles specifically targeting China from the first half of 2017, Hyundai added.


Hyundai currently has three factories in China.


People familiar with the matter said the automaker had initially planned to build just one plant in southwestern Chongqing to tap demand in that part of the country. It, however Danielle Hunter Jersey , increased the number to two after the Chinese government wanted Hyundai to build a plant in northeastern Hebei province as part of a development plan for the area.


BEIJING, Jan. 17 (Xinhuanet) -- China is expanding its coast guard fleet to better protect the country's maritime rights, the State Oceanic Administration said on Thursday.


The country will speed up the construction of 20 inspection ships this year and plans to purchase patrol ships and planes, the agency's director Liu Cigui said at its annual conference on Thursday.


A new inspection ship joined a Chinese fleet patrolling the South China Sea on Jan 10, and more are expected to join soon. The 4 Eric Kendricks Jersey ,000-ton vessel is the first ship to join the fleet since the China Maritime Police Bureau was established in July.


The bureau is a consolidation of the China Maritime Surveillance, the coast guard force of the Ministry of Public Security, the fishery law enforcement command of the Ministry of Agriculture and the maritime anti-smuggling authorities of the General Administration of Customs.


The consolidation has brought 16,300 of the country's maritime law enforcement personnel under one agency, according to the SOA's restructuring plan published in July.


With more countries challenging China's territorial rights in recent years Trae Waynes Jersey , the country has been strengthening its maritime law enforcement capacity to better safeguard its interests.


Last year, China Maritime Surveillance carried out 36 patrol trips and 402 flights, according to the SOA. The patrol trips, which spent 262 days at sea, detected 188 foreign ships and 21 foreign planes that intruded upon China's maritime territory.


After Tokyo announced its intention to "purchase" and "nationalize" China's Diaoyu Islands in September Laquon Treadwell Jersey , Chinese fleets were sent out 50 times to patrol the islands' waters. In the South China Sea, Vietnam, Malaysia, the Philippines and Brunei have competing claims over several Chinese islands.


Wang Hanling, a maritime law specialist at the Chinese Academy of Social Sciences Ben Gedeon Jersey , said increasing pressure on China's maritime law enforcement has created the need to build more ships.


"China's ability to protect its maritime rights lags far behind Japan and South Korea," Wang said.


Besides improving maritime law enforcement, Liu said detention areas will be constructed for ships seized for illegally sailing in Chinese waters.


Qi Jianguo, former Chinese ambassador to Vietnam, said these moves demonstrate China's determination to prepare itself for complicated maritime disputes.


The country's maritime economy is booming and revenues reached 5.4 trillion yuan ($871 billion) last year Jaleel Johnson Jersey , an increase of 7.9 percent from the previous year, the SOA said.


？(Source: China Daily)


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