Financial Crisis Cast A Shadow Over Bus Export in This Year
15 January 2009
"As the financial crisis, not only bus demand downward in domestic but export is facing unprecedented difficulties." Recently, one of the industry told reporters.
According to data from the customs statistics showed that in November 2008, in major export car varieties, the cars, trucks and buses were relatively sluggish in export performance, including 460 thousand bus export, comparing last month 20.12 percent decline, 56.56 percent decline comparing the same period last year.
It is known that China's bus export mainly concentrated in Southeast Asia, the Middle East and other emerging economies country. "It has been integrated into the world economy of Southeast Asian countries, generally speaking has a strong dependence on the U.S. economy. With the spread of U.S. financial crisis, Malaysia, Indonesia, Vietnam and other Southeast Asian countries the economy began to show signs of slowing down. "Hongrui new thinking management consulting firm market analysts believe that " the economic slowdown of these countries will lead to a decline in purchasing power will be a serious obstacle to China's bus export.
Source : english.chinabuses.com
Editor : Shelly
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