China sees rapid growth in auto and auto parts export

During the first seven months of this year, China exported 12.62 billion US dollars worth of automobiles and parts, an increase of 47.8 percent year on year; and the value is approaching last year's figure, according to statistics from the Ministry of Commerce.

This includes 8.85 billion dollars of parts exports, up 32.4 percent. There were 294,000 vehicles exported, an increase of 70.3 percent; and the entire-year figure will reach above 500,000.

China has become the world's second largest auto consumer, the third largest producer, and the primary potential market. In addition, auto exports have entered a stage of fast growth, according to Commerce Minister Bo Xilai.

At the second national conference on auto product exports, Hefei, Guangzhou, Baoding and Liuzhou were identified as the second batch of state-level auto and auto parts export bases which – together with the first-batch of eight cities including Changchun and Shanghai – brings the total number of China's auto export bases to 12.

The second batch of bases carries independent brands and innovation. The rise of domestic brands has become a highlight in China's auto industry. According to Li Chunbo, chief analyst on the auto industry from CITIC Securities, the export of Chinese-brand commercial vehicles has grown rapidly in recent years; and Yutong, King Long, and Sinotruk have exported more than 10 percent of production and sales.