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Half a million autos to be exported

(chinadaily.com.cn)
Updated: 2007-08-02 14:18

Special coverage: Auto Shanghai 2007
Related publication:
Related readings: Auto exports more than double in 1st half China must regulate auto exports to Russia China becomes 2nd largest exporter of auto parts to US

China's export volume of vehicles is expected to reach 510,000 this year. Total export value is expected to be around US$5.6 billion, said Fu Peizhao, an official with the Chamber of Commerce for Import and Export of Machinery and Electronic Products

Fu said the Chinese auto industry has grown rapidly in the past three years. Last year China saw 343,500 vehicles exported, increasing by 97.2 percent year-on-year. Export value that year totaled US$3.134 billion, achieving a 97.8 percent growth.

In the first three months of this year, around 141,800 vehicles were exported, equivalent to 41 percent of last year's total. The growth of auto exports far surpasses exports of other machinery and electronic products.

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The full text is available in the August Issue ofAutoChina.