It is reported that China is expected to become a net exporter of auto vehicles during the 12th Five-Year plan (2010-2015). During the past five years, China auto export has witnessed a rapid development with the value of export reached USD 28.6 billion in 2008 from USD 14.4 billion in 2006. Despite the growth, the value of auto export only accounts less than 2% of exports in total which is far less than world average level.
Mr Liu Yingjie a researcher at China State Council said “The proportion is relatively low but it is going to rise over the next few years.” According to a forecast made by China Auto Industry Association, China became the world largest motor vehicles market both by sales as by production in 2009. Sales in China during the January to July period of 2010 rose to 10.26 million units while production jumped to 10.21 million units during the same period. For the whole year of 2010, the figures both sales and production are expected to exceed 16 million units
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