System limits car exporters
By Dai Yan (China Daily)
Updated: 2006-06-29 08:48
However, industry insiders pointed out that prices of exported sedans and
cross-country vehicles have sharply dropped, indicating a severe "price war"
among Chinese car manufacturers.
Zhang said China's car producers don't
adjust their cars according to the rules and conditions of the importing
To support local car exporters, he said his department is
working on an information platform of overseas auto markets. It is
collecting material via the ministry's 100 economic and commercial offices
Zhuang Yuxian, manager of Dongfeng Commercial Vehicle
Company's overseas market department, said the company was working out
strategies for key markets.
China's auto exports climbed by more than 120
per cent last year to overtake annual imports for the first time.
of Chinese-made vehicles were largely trucks accounting for over
three-quarters of the total with exports of sedans and cheap small cars
China-based companies currently export vehicles mainly to
developing nations in Africa, the Middle East and Southeast Asia, but also plan
to export to the more competitive United States and European markets.
Zhang also said that a strategic alliance would be established between
the China Ocean Shipping Corp, the China Export and Credit Insurance Corp and
major automobile exporters to promote auto exports.
insurance companies should play a larger role in export promotion and increase
credit support to car producers, he added.
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