China becomes net exporter of automobiles

Dec 05, 2005 | 10:14 AM | Kevin Foster

China's exports of automobiles have surpassed imports for the first, state news agency Xinhua reported.

Exports more than doubled to 135,000 units from January to October, while imports fell 11.6 percent to 128,000 units, Xinhua said.

Domestic production is increasing faster than demand, which means China's auto industry is facing growing overcapacity, the country's top regulator said.....

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