China enjoys auto parts revenue
Despite of the controversies regarding massive products being recalled coming from China, this republic is happily enjoying the huge revenues it has amassed from January to July of this year, thanks to the vehicles and auto parts exported to the United States that equaled to as much as $12.62 billion.
A whopping 47.8 percent revenue increase, which is about to beat the previous year's data by a hairline, has been recorded by China's Ministry of Commerce. This positive feat achieved by China specifically comes from the $8.85 billion dollars earned from exporting auto parts, which registered a 32.4 percent increase. Another source of the big revenue of China came from exporting 294,000 autos, which earned a decent 70.3 percent increase. Commercial vehicles are amongst the main exports of the country.
Aside from the exports made by China, the country also earned its much needed boost because the residents of this region are into automobiles. Moreover, China's cheap labor cost has pushed the country to become one of the big three in terms of producing auto parts and vehicles for both local brands and foreign brands. China has 12 major auto parts and vehicles export units scattered all over the region, including Shanghai, Baoding, Guangzhou, Yutong, Liuzhou, and Changchun, amongst others.







