China has more auto exports than imports

Dec. 4, 2005 at 5:41 PM

BEIJING, Dec. 4 (UPI) -- China is worried about an overproduction of automobiles as its exports exceeded imports this year for the first time ever.

The minister of the State Development Reform Commission, Ma Kai, said the overcapacity in the auto industry will expand by more than 12 million units if planned auto plants are built.

Ma said there was a freeze on new production plants.

Most of the exports were large trucks heading to Algeria, Syria and Vietnam.

Imports were expensive cars from Japan, Germany and the United States.

Follow us on Facebook, Twitter, and Instagram for more news from
Related UPI Stories
share with facebook
share with twitter
Topics: Ma Kai
Trending Stories