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.
