China Slashes Number of Auto Export Licences

The idea is to cut out local companies that are deemed too small to compete seriously in foreign markets, and whose dodgy quality is hindering the efforts of leading players to improve their reputation.

Nevertheless, there are still 480 companies with a licence to export.

Export volume hit a record of 340,000 units last year, more than double the 2005 figure. But a price war meant that the export price per unit tumbled by almost a fifth.

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