BEIJING, June 18 (CEIS) - The price advantage and government support have helped accelerated China's export of motor vehicles.

    The country's export value of motor vehicles and automotive parts is forecast to increase to 120 billion US dollars by 2015, accounting for 10 percent of the total auto trade in the world. In recent years, many big automakers and suppliers in the world have launched factories and expanded operation in China, thus bringing about robust growth of auto sales in China. At the same time, China's auto export achieved fast speed of growth to present 100 percent increase annually since 2004. The country's export of motor vehicles increased from 78,000 units in 2004 to 173,000 units in 2005, and then further up to 340,000 units in 2006.

    The fast growth of auto export is mainly attributed to the following two factors:

    -- Price advantage. China's export of motor vehicles was 340,000 units, valued at 3.2 billion U.S. dollars, averaging 9,400 U.S. dollars per unit. In sharp contrast, the export price of motor vehicle of the Republic of Korea (ROK) was averaged 12,200 US dollar per unit, 33 percent higher than that of China.

    -- Government support. The Chinese Government has established six auto export-oriented industry zones or parks in order to support development of the automotive industry. Enterprises entering the zone are mostly local companies and companies with strong edge of competition, which enjoy tax preferential treatment and other subsidies in the zones.