Translation. Region: Russian Federal
Source: People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
CHENGDU, May 29 (Xinhua) — China’s used car exports to countries along the Belt and Road Initiative (BRI) continue to grow, with deals worth more than 1 billion yuan (about 139 million U.S. dollars) concluded at a business meeting on used car exports in Chengdu, capital of Sichuan Province, on Wednesday.
The business meeting was attended by about 40 trade organizations and buyers from 10 countries, including Russia, Iran, Vietnam and Nigeria.
“Everyone at the meeting came here with the obvious intention of buying,” said Huang Ruoyu, a spokesman for the China Automobile Dealers Association, adding that Belt and Road countries, which are currently upgrading their own auto markets, are increasingly looking to China for low-cost supplies.
In March 2024, China completely lifted restrictions on used car exports, speeding up access to Belt and Road countries where car consumption is growing, said Qiao Fang, deputy director of the Sichuan Provincial Bureau of Commerce.
According to Qiao Fang, Sichuan Province exported more than 10,000 used cars worth 1.4 billion yuan in the first four months of 2025, up 32 percent from a year earlier. Used car exports have become a new engine for Sichuan’s trade growth, she added.
The meeting also saw the release of a number of documents and the announcement of the creation of contact centers in six countries, including Russia, Iran, Georgia and others, to ensure the sustainability of global supply chains.
China began exporting used cars in May 2019. Sichuan Province received approval to do so at the end of 2022. -0-