Automobile parts export slowdown

Automobile parts

Automobile parts have become in recent years one of the fastest growing export industrial products since 2003 to achieve a CAGR of 56.67%. In 2007, China's automobile engines, components total export value of nearly $ 30 billion, is expected in 2008 and 2009 export growth is expected to remain above 35%.

Although the appreciation of the renminbi, the U.S. recession, rising oil prices and the export tax rebate policy adjustment and other factors, automobile parts enterprises will affect exports, but because of China's Automobile parts export in the global market share very little of these factors on Automobile parts export impact is still relatively limited. The next few years, with comparative advantages, China's automobile parts exports will still maintain growth.