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China becomes a net vehicle exporter in 05-official
(Reuters)
Updated: 2006-02-10 15:08
China became a net vehicle exporter for the first time last year, an official
industry association said on Friday, helped by the sale of cheap models mostly
to developing market.
A Shanghai salesman stands beside the Chinese
made Chery QQ car in this May 9, 2005 file photo. China became a net
vehicle exporter for the first time last year, an official industry
association said on Friday, helped by the sale of cheap models mostly to
developing market. [Reuters] |
The country exported 172,800 units in 2005, up 120 percent from a year
earlier, with imports up a much smaller 8 percent at 161,900 units, a senior
executive with the China Association of Automobile Manufacturers told Reuters.
Chery Automobile, Geely Automobile Holdings Ltd. and Great
Wall Automobile Holdings Co. Ltd. are among a handful of upstart Chinese
vehicle makers eager to push exports to diversify beyond their potentially
oversupplied home market, industry executives said.
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