6ministries:auto exports to reach 10%growth

Confronted with the situation that auto exports are going through the downward trend, six ministries, including Ministry of Commerce, together with Ministry of Finance and so on, jointly released View on Promoting Auto Exports’ Sustainable and Healthy Development in China. According to the report, the annual growth rate will hit 10% between 2009 and 2011 through transformation in 5 ways, such as export product mix, the structure of export market, trade and enterprises, as well as major structure of after-sales service.

Moreover, it also pointed out, China’s export volume of vehicles and parts will exceed 85 billion USD by 2015, with an average annual growth rate of 20%; we will have attained the strategic goal that China’s exports of vehicles and parts will occupy 10% of the world’s exports by 2020.

According to relevant departments, for achieving the above goals, we will speed up the construction of base for exporting vehicles and parts, encourage enterprises to make use of finanical instruments and increase their initiatives. Great efforts to strengthen intellectual property rights and further to explore international market. In addition, we will improve service system construction and fully enhance service level.

Heightened trade friction has brought to departments attention. View put forward that some active measures will be taken to reduce the trade fricition and accelerate the establishment of its early warning mechanism of China’s vehicle exports, as well as closely track, collect and compile information about automobile trade friction from home and abroad. What’s more, we will fully display the the role of intermediary institutions and organize enterprises to make preparations and response in advance so as to protect their rights and interests.

As the second largest vehicle manufacturer in the world, China’s automobile and parts exports increased with an average annual growth rate of amost 50% between 2001 and 2007. Although the export figure has already reached 30.2 billion USD by 2008, since the second half of last year financial crisis has lead to a sharp drop in vehicle and parts exports, which are in a tough situation.

Since this year, China’s auto exports have decreased significantly. The accumulative value of vehicle imprort and export has totalled 47.178 billion USD between January and September, in which the import value was 21.397 billion USD and the export value was 25.781billion USD ,down 11.98% and 33.57% respectively over the same period of last year. The vehicle exports reached 28900 units in Oct, decreasing by 26.86%. The accumulated vehicle exports were 248600 units between January and October, declined by 54.54%, compared with the same period of last year.( Translator：Qinghua /SERENA)

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