China auto parts exports hit $1.79 billion, up 30 percent in the first ten months

In the first ten months of the year, China exported a total value of 13.25 billion yuan ($1.79 billion), up 30 percent from one year earlier, according to a report from Ministry of Commerce.

The total value of auto parts exports in the first nine months this year has reached the amount of the whole last year, the report said.

Global auto giants like Chrysler, BMW and Toyota has recently unveiled plans to increase their China sourcing targets. The portfolios they are purchasing from China have expanded to include electronic system, chassis and engines in recent years.