The latest research results released by AlixPartners, an international consulting firm, suggest that as the value of the yuan and the price of raw materials have increased, the cost of China’s auto parts have gone up 16 percent. Foreign buyers are thus losing interest in China’s auto parts market because of the rise in cost and are gradually reducing their orders. It was estimated that China will lose US$16 trillion in auto parts orders by 2010.
Source: China Stock Daily, June 6, 2008 http://www.cnstock.com/paper_new/html/2008-06/06/content_61922543.htm