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China Ministry of Commerce: Encourage shipping companies to accelerate the construction of ro/ro fleets and expand automobile export capacity


On May 25th, at a regular press conference held by the China Ministry of Commerce, a media question was raised: May I ask if the Ministry of Commerce has any further measures to promote the export of Chinese automotive brands?
In response, spokesperson for the Ministry of Commerce, Shu Jueting, stated that in recent years, China's automobile exports have been stable and improving, and the product structure has been continuously optimized.
One is the gradual expansion of trade scale. The increase in automobile exports in 2021 and 2022 has been over 1 million vehicles for two consecutive years. From January to April this year, China exported 1.494 million vehicles, a year-on-year increase of 76.52%,
Secondly, the market is becoming increasingly diverse. In the first four months, China's automobile exports to 204 countries and regions in the world, including US $13.64 billion to countries along the "the Belt and Road", an increase of 1.2 times, accounting for 45.9%, and US $12.41 billion to developed economies, an increase of 1.2 times, accounting for 41.83%
The third is the significant incremental contribution of new energy vehicles. From January to April, the proportion of new energy vehicle exports in the overall export amount increased to 42.9%, contributing 51.6% to the growth of automobile exports.
Currently, China's automobile exports have shown a phased trend of rapid growth, but there is still significant room for improvement in terms of development quality and efficiency. There are still some difficulties and problems in transportation security, financial services, overseas after-sales service, and other aspects. Next, the Ministry of Commerce and relevant departments will focus on the following three aspects of work:
One is to strengthen transportation security, promote medium - and long-term strategic cooperation between automobile enterprises and shipping enterprises, encourage shipping companies to accelerate the construction of ro/ro fleets, and expand automobile export capacity.
The second is to encourage automobile enterprises to cooperate with domestic and foreign financial institutions, innovate financial products and services under the premise of legal compliance and controllable risks, and better meet the needs of enterprises.
Third, support automobile enterprises to improve the International marketing and after-sales service system, enhance their ability to carry out brand publicity, display sales and after-sales service overseas, and establish a good brand image.
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