English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 08:09, June 18, 2007
Huge potential for China-Russia trade in vehicles, auto parts: commerce official
font size    

There is huge potential for cooperation between China and Russia in the automotive trade, an official with the Ministry of Commerce said at the first Sino-Russian forum on the auto market held in Harbin on Sunday.

Zhi Luxun, who is in charge of machinery and scientific and technological industries with the ministry, based his judgement on the fact that China has become a major motor vehicle producer and consumer in the world, while Russia boasts a sharp competitive edge in the auto industry and a comfortable investment climate for the sector.

In 2006 China explored new markets for motor vehicles and auto parts, in Europe. During the process, Russia's potential for automotive trade began to emerge, Zhi said.

China exported 460 million U.S. dollars worth of automotive products to Russia last year, a growth of 161.8 percent over the previous year, according to the Ministry of Commerce.

Of the total, whole-vehicle exports stood at 38,000 units, up 331.9 percent, or 350 million U.S. dollars worth, up 312.5 percent. Exports of auto parts increased by 20.7 percent to 110 million U.S. dollars worth.

Source: Xinhua

Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this

"Olympic Games in My Heart" English Contest

- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
Manufacturers, Exporters, Wholesalers - Global trade starts here.


Copyright by People's Daily Online, all rights reserved