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Let's take a closer look at the facts behind the increase in Chinese auto exports.

First, note that it is the number of exported vehicles - and not their total value - that now eclipses imports.

Of 170,000 vehicles exported from China in 2005, some 60% were trucks and lower-priced small cars. China sends its vehicles principally to developing nations in Africa, the Middle East and Southeast Asia.

In contrast, China imports higher-priced luxury models from Europe, Japan and America. As a result, the value of automobiles imported into China still represents more money than exported vehicles - even though the Beijing Times reports that the value of total imports rose just 8% in 2005.

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