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China's auto exports jump to half a million; number of exporters drops 70%
Shanghai. November 28 (Gasgoo.com) - China's vehicle exports will top 500,000 units by the end of this year and reach one million units in the next two years. On the other hand, the number of auto exporters has dropped dramatically, a senior government official said.
In the first ten months of this year, China exported a total of 469,000 vehicles, up 77.6% from a year earlier. The value of complete vehicle exports reached $5.5 billion, up 120.8 percent from the same period of last year. Meantime the number of auto exporters has been reduced to 348, down 70 percent compared to last year.
"The drop is attributed to a government regulation released by Ministry of Commerce and National Development and Research Commission last December, which aims to raise hurdles for exporters and force less competitive exporters out of the competition, "said Zhang Ji, an official from China's Ministry of Commerce.
Echoing Zhang's remarks, Fu Peizhao, a senior engineer with the China Chamber of Commerce for Import and Export of Machinery and Electronic Products said that inadequate after-sale service and spare parts supply would damage the reputation of China automobile industry.
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