China Automobile Export Growth

Cars are lined up for departure at the Nangang Wharf, a first-class land-level port opening terminal in Lingang New Area of Shanghai Free Trade Zone, China, on Aug 13, 2022. According to statistics released by Shanghai Customs, in the first half of this year, the cumulative export of 556,000 cars at Shanghai port, the value of 66.73 billion yuan, up 36.7% and 56.2% year-on-year, respectively.