February 14, 2008

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Chinese Car Exports Double

February 7, 2008

Automobile exports by China more than doubled to 188,600 units in 2007, according to figures from the General Administration of Customs.  The country's overall auto imports and exports reached $66.9 billion in 2006, with car imports up 24.45 percent and exports increasing by 45.31 percent. Exports of Chery, the largest Chinese brand, grew by 132 percent in 2007 to 119,800 units. In 2008, Chery expects to export 180,000 units. Total auto output grew by 22.9 percent to 9.04 million units in 2007, according to the National Development and Reform Commission, the country's top economic planning agency. Zhu Hongren, the NDRC’s deputy director of economic performance, told the Xinhua state news agency that quantity is no longer a problem and Chinese producers should increase their focus on improving quality.

Journal of Commerce

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