According
to China's Ministry of Commerce, exports of auto parts last year reached US$8.947
billion, an increase of 22.82 percent from 2004. The figure accounts for 82 percent
of China's total volume of auto products. Exports
are generally labor intensive, consume a lot of energy and have little additional
value. This is despite the fact that the auto parts being produced are continually
diversifying and skills and additional value are increasing. Foreign-founded
enterprises and joint ventures make up 56.35 percent of exports, still ranking
No.1 and No.2 respectively, followed by private enterprises, state-owned enterprises
and collective enterprises. |