More than 50,000 cars made in China will be sold in Russia by the end of 2007, Vice President of the Russian Chamber of Commerce Sergei Katyrin said on Friday, when opening the international conference on "Automobile Business in Russia and China: Development Trend and Cooperation Prospects".
Russia's import of Chinese cars grows rapidly. Only 260 were sold in 2004 and more than 50,000 will be sold by the end of 2007.
With such a sale growth, it is necessary to switch the trade to a civilised way and stop the chaos created on the Russian market. The conference is expected to help it, Katyrin added.
Representatives of Russian market dealers' circles believe that Chinese cars have already shown themselves on the Russian market and their share will steadily grow.
The secretary general of the Chinese association of automakers noted that China accumulated certain experience of mass car production over 20 years and was ready to share it with Russia colleagues.
He said that 7,200,000 cars were produced in China in 2006, and the country plans to considerably increase the export to Russia.
A Chinese embassy secretary noted that the Chinese-Russian trade turnover was expected to exceed 40 billion dollars in 2007 and to amount to 60-80 billion by 2010. Cars and spare parts account for a considerable part, and it is expected to exceed 16 percent, he added.
Chinese participants in the conference view the Russian market as the most promising for Chinese automakers and do not plan to be limited only to car sale in Russia. They said they planned to set up assembly production, sale and service centres.Labels: business, car, russian business news |
