So China Trading Is Growing Each Year At A Very Fast Pace

Business.

China will increase exports of auto parts - in ten years china wants their market to reach up to$ 120 billion american dollars. On November 21, China plans to, 2006 boost its car and auto parts exports by more than 10 fold to$ 120 billion american dollars in the next decade, a vice commerce, Wei Jianguo minister said before. "The exports of car and auto parts. represent the level of China industrial technology and competitiveness, " Jianguo said. "China car and auto parts exports currently amount to just 7% of the global trading volume of China so their plan is to make up 10% of the world auto trade in 10 years time, which is$ 120 billion american dollars. " China exports of vehicles and auto parts have grown rapidly during the past few years, Wei said. Meaning that the China international trade will increase as well in the same period.

In 2005, exports reached$ 19 billion, up 34% from the previous year, he said. - china automaker chery said before that they would export something around 50, 000 vehicles by the end of 2006, 000 last year, compared with 18, mostly to its current markets in the middle east, latin america and, southeast asia africa. So China trading is growing each year at a very fast pace. Chery also announced on that they would set up a$ 30 million dollars automotive parts joint venture with Johnson Controls Inc in eastern China. This article was researched and produced by Posicionarte for China Trading Company, 2007 Chery will acquire technology from Johnson Controls to produce car components including the interior system, electronic products and, seating high - efficiency batteries, the Chinese company said in a statement.