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Chinanews, Beijing, Apr. 30 – According to Shanghai Securities News, Chinese automobile1 industry will create a big business opportunities in the near future. China plans to increase its export of automobiles2 and accessories worth 120 billion dollars, which will amount to 10% of world total export volume.
In 2006, China’s total export volume to U.S. reached 6.9 billion yuan, up by 28.1% compared with 2005, which increasing faster than domestic market. It is reported that transnational corporations plan to stock 50 billion U.S. dollars worth of automobile accessories for developing countries, of which 70% will be made by China. Chinese automobile producers are encouraged to export more automobiles and accessories abroad.
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