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CHINA DOUBLES AUTO EXPORTS IN 2006.
BEIJING, Jan 1 Asia Pulse - China's auto exports hit a record high of 340,000 units in 2006, more than double 2005's figure, according to the Ministry of Commerce (MOC).
Sedan exports topped 90,000 units, a 200 per cent increase on the previous year, said an MOC official.
Customs statistics show that China's vehicle exports surged 120 per cent from 78,000 units in 2004 to 173,000 units in 2005, with export volume hitting US$1.58 billion.
"China is aiming to lift the value of its vehicle and auto parts exports to US$120 billion, or 10 per cent of the world's total vehicle trading volume in the next 10 years," said Vice-Minister of Commerce Wei Jianguo.
Over the past few years, China's exports of vehicles and parts have grown rapidly. In 2005, exports reached US$10.9 billion, an increase of 34 per cent on the previous year.
Supported by government policies, ...
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