Taking a rough ride to growth
By Wang Chao | China Daily | Updated: 2014-01-27 08:14
At a time when foreign automakers are planning to further consolidate their presence in China, their Chinese counterparts are looking to boost exports to newer destinations such as Africa and Russia this year.
The decision to boost exports also comes at a time when domestic sales are flagging because of vehicle purchase restrictions in big cities and renewed nationwide efforts to reduce pollution.
With these two aspects expected to reduce sales and profits this year, Chinese automakers are looking to offset losses through higher exports to emerging markets.
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