China’s state run media outlet, People’s Daily, today released China’s automotive export numbers.
According to the paper, China’s Ministry of Commerce reported that auto parts exports last year reached $8.9 billion, an increase of 22.8 percent from 2004.
The story did however note that most of the production value remains in the hands of non-domestic organizations, such as large western automakers.
As the piece reports, foreign-founded enterprises and joint ventures make up 56.4 percent of exports, still ranking No. 1 and No. 2 respectively, followed by private enterprises, state-owned enterprises and collective enterprises.
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