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China – Future Export Base for Global Markets?
Although export volumes were stable in the last two years, the sector has experienced significant structural shifts. In 2019, non-Chinese brands accounted for 38% of the export market, compared with 30% in 2018. Data for 2010 and 2016 show that overseas OEMs accounted for just 11% and 19% of China’s exports, respectively. These figures, says LMC, indicate the growing proportion of vehicles built in China by foreign automakers being shipped overseas. Continue reading →