China's Motorcycle Exports Rebound in PriceThe export price of China's motorcycle exports has been on the rebound starting from last May thus to end the dilemma of weak price competitiveness.According to statistics by Huangpu Customs of Shanghai, the port exported a total of 26.7 thousand motors cycles valued over US$11 million from January to May, a decrease of 15.5 and 28 percent against last year receptively. In recent years, the number of domestic motorcycle manufacturers has increased by one-fold to more than 400 and the domestic motor market has reached the saturation point, which pushes makers to eye on the international market. To attain a favorable situation, these manufacturers have downgraded their export prices and this is as shown by the drop of a motorcycle's export price to Vietnam to less than US$300 from US$400-800 in 1999. In the meantime, many companies have established branches in destination countries aimed to lower cost of transportation and tariff, resulting in a steep drop of motorcycle price. China's motorcycle production makes half of the world total and has come to enjoy a good market by its exports, especially those of its lower- and middle-level brands like Jialing, Lifan and Loncin. Experts point out that the key to a change of current export situation lies in an optimization of enterprise management and enhanced supervision over market operations and pricing of motorcycle exports. By PD Online Staff Li Heng |
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