China's car exports accelerate despite disruption from Mideast crisis [Yahoo! Finance]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Yahoo! Finance
in ?March despite shipment disruptions from the crisis in the Middle ?East, one of the industry's key overseas markets. Exports grew 73.7% from a year earlier to ?nearly 700,000 vehicles last month, faster than the 54.1% in the first two months, data from the China Passenger Car Association showed on Thursday. "Car exports have entered a stage of super high growth, beating our expectations," said ?Cui Dongshu, the association's secretary-general. Domestic ?sales dropped 15.2% from a year earlier to 1.67 million vehicles last month, a sixth straight month of decline, ?as rising fuel prices dampened demand for conventionally fuelled models while electric vehicle sales continued to feel the impact of reduced incentives amid a sputtering ?economic recovery. Combustion ?engine car sales were down 15.7%, ?accelerating from a 13.4% decline ?in the January-February period, although China has capped domestic fuel price hikes to soften the impact of surging oil prices from the Mideast c
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