Automobile parts exports may fall

China's exports of auto parts to the United States may shrink as the US government's $14 billion bailout is not enough to rescue the US Big Three automakers, analysts have said.

The US House of Representatives on Wednesday approved the loan package intended to prevent a collapse of their domestic automakers that would threaten millions of jobs. The plan is now under debate in the US Senate.

Dong Jianhua, an auto analyst with Southwest Securities, said GM, Chrysler and Ford have to continue developing their restructuring plans while the $14 billion in loans keep them operating, which means they are still very likely to close some plants that are not profitable and their sales may continue to drop.