China Auto Export Hit

The deepening and widening US financial crisis has seriously eroded global real economy, including China's auto export businesses.

According to the latest statistics from the China Association of Automobile Manufacturers reported that China's auto export was discouraging and export business falls a decline of 22.18 percent.

Export news from Great Wall Motor, China's largest independent automaker, says it'll be hard to reach the annual target of 70,000-80,000 units this year.

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