Source: CCTV.com

02-05-2008 13:47

China boosted auto exports by nearly 80 percent to a record last year, after rising demand from Russia and other emerging markets.

China boosted auto exports by nearly 80 percent to a record  last year, after rising demand from Russia and other emerging  markets.

Chinese car makers shipped more than 600,000 completed vehicles and chassis overseas in 2007, according to the China Association of Automobile Manufacturers, citing customs data. The value of exports more than doubled to 7.3 billion US dollars.

China FAW Group and Chery Automobile, among other local car makers, have boosted exports and opened plants overseas as increasing domestic competition squeezes margins at home. The country's vehicle exports may reach one million a year by 2010, according to the Ministry of Commerce.

Editor:Xiong Qu