China to raise threshold on car exports

   Date:2006/12/31
China will only allow authorized manufacturers to engage in automobile exports next year in an effort to raise quality, spokesman said.

The announcement came after China made public its plans two weeks ago to establish eight auto export manufacturing bases which cover 160 auto and auto parts makers.

Manufacturers that had only nominal exports or failed to guarantee their product quality or provide solid after-sale service would be banned from automobile exports to prevent further damage to the reputation of China's car industry.

About 600 of the 1,025 export-oriented manufacturers had annual car export of less than 10 units.

With an annual growth rate of more than 100 percent since 2003, China's car exports topped 10 billion U.S. dollars last year to become a new growth aspect of the country's foreign trade.

Export authorization was the common call of local governments, industrial organizations and most automobile companies who wished to secure the industry's healthy development.

The qualification criteria will probably be put to effect next year.

China's car makers should actively expand their overseas presence and upgrade operations through competition.

Source:佚名

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