For the first time ever, China exports more vehicles than it imports in 2005...

Here is an interesting sign of how China’s auto market is increasingly one the world needs to watch. Xinhua News is reporting that for the first time ever, last year China exported more vehicles than it imported. The numbers show China exported 172,639 autos, or 11,031 more than were imported, according to statistics from the Ministry of Commerce. The stats show a 120.5% jump in number of units exported compared to 2004, and show that the total value of vehicles exported was $1.58 billion, a 158.4% jump over the previous year.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.