| 30-09-2007
During
the first seven months of this year, China exported 12.62 billion US dollars worth
of automobiles and parts, an increase of 47.8 percent year on year; and the value
is approaching last year's figure, according to statistics from the Ministry of
Commerce. This
includes 8.85 billion dollars of parts exports, up 32.4 percent. There were 294,000
vehicles exported, an increase of 70.3 percent; and the entire-year figure will
reach above 500,000. China
has become the world's second largest auto consumer, the third largest producer,
and the primary potential market. In addition, auto exports have entered a stage
of fast growth, according to Commerce Minister Bo Xilai. At
the second national conference on auto product exports, Hefei, Guangzhou, Baoding
and Liuzhou were identified as the second batch of state-level auto and auto parts
export bases which ¡§C together with the first-batch of eight cities
including Changchun and Shanghai ¡§C brings the total number of China's
auto export bases to 12. The
second batch of bases carries independent brands and innovation. The rise of domestic
brands has become a highlight in China's auto industry. According to Li Chunbo,
chief analyst on the auto industry from CITIC Securities, the export of Chinese-brand
commercial vehicles has grown rapidly in recent years; and Yutong, King Long,
and Sinotruk have exported more than 10 percent of production and sales.
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