Bosch sales grow
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Bosch Group's sales expanded by 21 percent in China last year, which helped the firm trim a decline in global sales, senior executives said over the weekend in Beijing.
The German supplier of technology and services to the auto sector and consumers posted sales of 27.4 billion yuan (US$4 billion) in 2009 in China. The jump in sales propelled China to become for the first time the third-biggest market for Bosch after Germany and the United States.
"China's one of the few countries that posted a strong growth globally last year," said Uwe Raschke, board member of Bosch responsible for Asia Pacific. "The strong China performance reassures us that we are on the right track to penetrate deeper here."
Peter Pang, president of Bosch (China) Investment Ltd, said the company expects 2010 to be "a very good year, or another year of strong growth" in sales, without giving details.
The worldwide recession in 2009 shrank the German company's global sales by 15 percent which led to the firm reporting a pre-tax loss.
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