Gasgoo.com (Shanghai) - According to figures compiled by Gasgoo.com (Chinese), of the 25 Chinese manufacturers listed on the market, 16 have returns from business done overseas. In 2010, these 16 businesses managed to pull in a total of 23.12 billion yuan from foreign sales, accounting for 3.9 percent of their combined sales. That ratio is considerably lower than the 14.9 percent and 5.1 percent it was in 2008 and 2009, respectively; the drop has been attributed to the global banking crisis, as well as the rapid development of the automobile market in China. The ratio of overseas to total returns in the first half of this year has increased slightly to 4.4 percent, which has been linked to the declining domestic market, which in turn is due to the phasing out of preferential vehicle purchase policies, market competition and other factors.

Gasgoo.com (Shanghai October 27) - Hawtai Automobile has agreed to cooperate with Malaysian manufacturer Proton to jointly research and develop new models, the Beijing Times reported today. The two parties signed an agreement at the floor of last Friday's China-ASEAN Business and Investment Summit.