| 06-12-2007
China's
auto exports soared in the first 10 months of the year, according to Ministry
of Commerce figures, reports said yesterday.
China exported a total of
413,500 complete finished vehicles in the first 10 months of the year-including
cars, buses and trucks, up 64 percent over the same period of 2006. Exported vehicle
sales totaled US$4.8 billion, a jump of 117 percent year on year, the ministry
said in a report on its Website.
According to state media reports, 70
percent of China's auto exports in the first half of the year went to Asia and
Europe, with the greatest number going to Russia, followed by Kazakhstan and Iran.
The reports forecast that China's vehicle exports could hit 600,000 in
2007 and rise to 800,000 next year. "Developing overseas markets is a realistic
strategy for Chinese own-brand auto makers" facing intensifying competitive
pressures at home, quoted ministry official Zhang Ji as saying.
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