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MOC: auto export expected to set record high in 2006 PDF Print E-mail
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Friday, 05 January 2007
BEIJING, Jan. 4 (InfoChina) – Chinese auto export is expected to reach a record high of 340,000 units in 2006, almost doubling the figure of 2005, according to source with the country’s Ministry of Commerce (MOC).

In a breakdown, export of cars is expected to surpass 90,000 units, representing a year-on-year growth of 200 percent.

       China’s auto export witnessed a rapid growth after its entry into WTO. In 2002, the country exported 20,000 units of complete autos (including complete set of auto parts), and the export volume increased to 48,000 units, 78,000 units and 172,000 units respectively in 2003, 2004 and 2005.

The country plans to enhance its auto export value from the current 11 billion US dollars to 120 billion dollars in the coming ten years, with its international market share surging from 0.7 percent to 10 percent, according to Wei Jianguo, vice Minister of MOC.

In the meantime, the Chinese government plans to improve the international image of made-in-China cars by launching a car export permission system. Industry persons predict that the system will eliminate a half of Chinese car exporters from the market while those relatively larger players as Brilliance China Automotive (NYSE: CBA), Chery and Geely may face larger growth potential. (Edited by Chen Dongyi, )

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