AAA Export Credit Evaluation to KingLong,Yutong,Ankai,Foton

At 3:00 PM on August 10th, 2011, "China Automotive Export Credit Evaluation Awarding Ceremony”was held in China People’s Palace. Deputy director of Ministry of Commerce of the People’s Republic of China Department of Market Supervision WEN, Zaixing and deputy director of State-owned Assets Supervision and Administration Commission of the State Council Industry Association Office WU, Aihe attened the activity and made their speeches. There were also 20 enterprise representitives. The activity was to regulatize the export enterprises and the international development of China automotive enterprises, and significant due to its first-time credit system construction.

China Automotive Export Credit Evaluation Awarding Ceremony

There occurred 18 AAA enterprises and 2 AA enterprises. The leading enterprises in bus industry like King Long, Yutong, Ankai, Foton won AAA qualification due to their perfect export system, long-term export strategy and excellent overseas achievements, setting a good example for the bus export enterprises.

According to the data of the industry research center of www.chinabuses.com, in the first half of 2011, 12430 buses were exported, 3063 units more than that in the first half of 2010, increasing 32.7%, as the propeller of China bus industry.

Export credit evaluation began in October 2010 and CAAM devoted great effort to set up automotive export enterprise credit evaluation system, which contained international quality management, international development, international financial condition, international management, international credit and international negative effect, with 38 detailed norms. The system was involved in every aspect of overseas management, reflecting comprehensive quality and ability of the enterprises and comprehensive management ability behind the credit status.

The valid term of export credit evaluation was 3 years, with the first time from July 21st, 2011 to July 20th, 2014.

What the CAAM wanted was to guide the overseas business of enterprises and promote the development by the establishment of working platform through credit evaluation, forming the foundation for the improvement of management and self-discipline of the enterprises.

AAA evaluation to the four enterprises was a full recognition to the international strategy of China buses and an important opportunity to promote the brand image and sustainable development.