FEATURE
CHINA RISING
2013 :
THE YEAR THE DRAGON STRETCHED ITS WINGS
this year could be a landmark for China ’ s automotive industry , staking its claim on a larger piece of the global pie
n early 2012 , the Economist Intelligence Unit
I
( EIU ) warned business leaders that Chinese car makers will take a more assertive stance , clamouring for a bigger share of the 62 million plus cars sold globally .
The year ended with China ’ s vehicle exports crossing the one million cars mark for the first time , with 1,056,100 Chinese cars shipped overseas , up 29.7 per cent from 2011 . Forty five per cent of the exports are passenger cars .
On average , Chinese vehicle exports have been increasing by nearly 50 per cent every year over the past decade . In 2001 , China exported a measly 19,000 vehicles overseas .
The top Chinese car exporters are Chery and Geely , followed by Great Wall and SAIC .
Chery is currently China ’ s top vehicle exporter . Within China ’ s political pecking
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