China Automobile Export QTY Less YOY in Jan-Oct 2014 (Summary)
(China Customs)
According to China customs statistics, in January-October, China's exports of automobiles totaled 743,000 vehicles, less by 2.4% over last year (YOY); worth CNY 61.29 billion, an increase of 1.1% YOY.

Main Causes of the Auto Export Quantity Decrease:

(1) Traditional export markets in downturn, weak in demand.

(2) Transnational enterprises’ presence in emerging markets squeezed Chinese auto share.

(3) Trade protection escalation added to export difficulty.

Considerable Problems:

(1) Export less along with import more, Chinese auto-makers are on a low level of capacity utilization.

(2) Chinese-branded autos are more and more being put into overseas distribution, at certain investment risk however.

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