According to an article in the International Business Times, it's pedal to the metal for the Chinese auto industry. The China Chamber of Commerce for Import and Export of Machinery and Electronic Products predicts auto exports will grow by nearly 50 percent in ‘07. So far this year, China has exported 241k vehicles valued at $2.7b. The majority headed to their former fellow communist partners in Russia, followed by Boratville (Kazakhstan) and Iran. What's more (literally), the average price per exported vehicle ascended to $11,200, up 23 percent from '06. Meanwhile, Motor Trend reports that Shanghai longshoremen have unloaded a shipload of 3k Ohio-built Acura TLs, slated for September sale. The U.S. strikes first blood, but don't expect the balance of trade to remain skewed in this direction for long. No sir.
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