China, automobile, vehiclesVcg | Visual China Group | Getty ImagesChina is on course to overtake Japan as the world’s top auto exporter by the end of 2023, according to Moody’s Analytics.”China made heads turn through the pandemic as it strutted past South Korea in 2021 and Germany in 2022, making it the second-largest car exporter,” the credit ratings agency said in a report last week.China is now closing in on Japan, the report said, adding that the shortfall averaged at around 70,000 cars per month in the June quarter, compared to almost 171,000 in the same period last year.”At this pace, China is on track to overtake Japan by the end of the year,” Moody’s economists wrote, a global ranking which Japan has claimed since 2019. Competitive advantage?A surging demand for electric vehicles sent overall auto exports from China beyond the levels …
