11.12 China sets guidelines for supporting auto exports

China sets guidelines for supporting auto exports

 

http://autonews.gasgoo.com/auto-news/1012915/China-sets-guidelines-for-suppo
rting-auto-exports.html

 

Shanghai, November 12 (Gasgoo.com) The Chinese government has unveiled
guidelines for supporting the country's exports of vehicles and auto parts,
aiming to make up 10% of global trade in those goods by 2020, media reported
today.

 

The Commerce Ministry and several other government agencies said in a joint
statement yesterday that Chinese companies are expected to achieve $85
billion worth of auto and auto-parts exports by 2015, at an annual growth
rate of 20%.

 

The guidelines, first published at the ministry's website, lay out a general
framework for supportive policies for auto exports, saying that exports
would shift from primarily commercial vehicles to a mix of passenger
vehicles (including buses and economical cars) and commercial vehicles.

 

Chinese carmakers are urged to penetrate into higher market segments in
developing countries, set up well-developed sales networks and offer better
after-sales services there. They are also encouraged to transfer auto
technology overseas and invest more in the auto sectors of other countries.

 

Mainly helped by government incentives, car sales in China last month jumped
76% from a year earlier to more than 946,000 units. However, the government
has concern about excess capacity in the sector, and exports would be one
way to alleviate that pressure.

 

China exported 30,500 vehicles in September, down 36.74% from a year
earlier, but up 38.98% from August. The country's total vehicle exports rose
11% to 680,700 units in 2008, with the export value totaling $30.2 billion.

 

 

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