Chinese bus maker sees soaring exports
ZHENGZHOU — Chinese leading bus maker Zhengzhou Yutong Bus has seen its export volume for the first quarter rising by 56 percent annually, thanks to opportunities brought about by the Belt and Road Initiative.
According to the company, it has recently received an order for 500 large buses from Myanmar. The company has delivered over 1,000 passenger buses to Myanmar since it entered the country in 2010.
Company officials said the Belt and Road Initiative and the "Made in China 2025" plan are offering more chances for the company to expand global presence.
Yutong's products have been sold to more than 40 countries along the Belt and Road. Yutong has carried out production and technology cooperation with countries including Myanmar, Pakistan, Iran and Cuba, and auto parts from Yutong can be assembled in those countries.
In 2016, the company exported 110 buses to Bulgaria, the first time China's passenger buses entered the EU market in batches.
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