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China to enhance domestic auto exports
(crienglish.com)
Updated: 2005-03-15 10:43

China will make more efforts to promote domestically-made sedans and auto parts in the international market.

Hundreds of thousands of cars manufactured by China's domestic automakers, berthing at a huge port, were preparing to squeeze into overseas market.[baidu.com]

Deputy Minister of Commerce Wei Jianguo told a press conference in Beijing that exporting sedans represents a country's industrial capabilities and competitiveness in the global economy.

From now on, China will offer financial support and export credits to a select group of enterprises producing vehicles and auto accessories.

The selected enterprises are required to have defined trade marks, efficient production methods and a large amount of existing exports.

The initiative aims to make China a key supplier of vehicles and auto parts in the world market.

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