Russia becomes Chinese car industry's largest market
Russia was the largest importer of Chinese cars in the H1 of 2007, accounting for 16% of the country's total automobile exports, according to official Chinese data.
China's export-import chamber for machines and technical production said the country exports its cars to 177 countries. In January-June, Russia imported 38,600 automobiles, up 480% year-on-year. The deliveries were worth $450 billion, 350% more than in the same period of last year.
Russia is followed in the list by its ex-Soviet neighbor Kazakhstan, which bought almost 6,500 Chinese cars worth $184 million in January-June, an almost 300% increase year-on-year. Iran ranks third, having imported $170 million-worth of Chinese automobiles. (en.rian.ru)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.