The main reason for the export growth is the strong demand of new energy vehicles in overseas markets.Īccording to the association, the recent performance of Chinese automakers in Australia, the UK, Mexico and other key markets is also outstanding. The average export price of these automobiles was $12,900 in 2018 but have gradually increased to $16,400 in 2022 and $18,900 in August 2022. About 1.91 million Chinese vehicles were exported from January to August this year, up 44% year-on-year. The association also analyzed the export of Chinese vehicles. Tesla China and SAIC-GM-Wuling’s estimated wholesale sales in September are 83,000 and 52,000 units respectively, ranking second and third. In terms of the new energy vehicle market, the association estimated that BYD’s wholesale sales in September exceeded 200,000 units, ranking first. With the high price of fuel, although the purchase cost of an electric vehicle is slightly higher, their lower overall cost has become the main driving force of stronger demand. Vehicle demand for transportation and suburban leisure has increased significantly. Furthermore, the number of new products is much higher than the same period in the past two years. September and October are the traditional peak season for consumption in China and local policies have been introduced in tandem with the peak season. The association believes that the car market retail growth in September demonstrates a better overall economic environment. It is predicted that the wholesale sales of new energy vehicles in September will be about 664,000 units, up about 90% year-on-year. "It also plays a role in bridging to global markets," Arief said.According to a report released by the China Passenger Car Association (CPCA) on October 10, preliminary statistics show that from September 1 to 30, the retail sales of passenger cars in China reached 1.908 million units, up 21% year-on-year. The festival also hosted the Halal Lifestyle Conference with 42 MSMEs out of 2,000 applicants currently undergoing the process to have a chance of entering modern retail outlets. "We hope that this activity can help our efforts to expand the export reach of Indonesian halal products to enter the global market," Arief said.Īnother event held during the 9tn ISEF was the International Hajj Conference, and the meeting on International Muslim Friendly Tourism that "resulted in an agreement between the industry and the authorities outlined in a resolution for the development of Muslim-friendly tourism in Indonesia." "The transactions in the 9th ISEF reached Rp27.6 trillion, comprising business-to-business, business-to-customer, and exhibition transactions," Arief said in the closing ceremony that was streamed live on Bank Indonesia's YouTube channel on Sunday, October 9.Īrief said that the festival held at least 163 events and activities, including the 4th International Halal Dialogue, where the Indonesian halal certification authority explored cooperation with a number of countries like China, Malaysia, South Korea, the United States, and Saudi Arabia. The central bank's Sharia Economics and Finance Department head, Arief Hartawan, said that Rp27.6 trillion worth of transactions were booked during the implementation. TEMPO.CO, Jakarta - Bank Indonesia (BI) closed the series of activities in the 9th Indonesia Sharia Economic Festival (ISEF) on Sunday, October 9.
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