BEIJING, Dec. 28 (Xinhua) -- China automobile exports, likely to exceed 800,000 for 2011, may get a boost of favorable policies next year, according to industry insiders.
Expert predicted that China would release favorable policies to shore up auto exports in the year ahead, including making a development plan for automobile exports and revising relevant regulations.
In the first 11 months of 2011, China's automobile sales rose 2.5 percent year-on-year to 16.816 million units. During the same period, automobile exports were 758,300 units, accounting for around 4.5 percent of the total sales, showed the statistics from China Association of Automobile Manufacturers.
The figure is a moderate rise over the same period last year, when auto exports took up around 3 percent of the total sales. Despite the increase, the volume of China's auto exports remains relatively small.
Shanghai Automotive Industry Corporation Group (SAIC Group), China's top automobile manufacturer, is expected to achieve annual sales of 4 million units in 2011. However, the overwhelming majority of sales were realized in the domestic market.
"We will pay more attention to overseas markets in the coming years when we expect to see a slower growth in the auto industry," said a SAIC employee.
According to statistics from China's Ministry of Commerce, 500 domestic automobile exporting companies exported a total of 580,000 vehicles to 210 countries and regions across the world in 2010. Currently, the top exporters in China include Chery, Changan, Great Wall Motors and Lifan Auto.
