Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Auto Tools: Save | Print | E-mail | Most Read | Comment
Auto sales rise 20% to 8.7 mln in 2007
Adjust font size:

Chinese auto sales are likely to hit or surpass 8.7 million units in 2007, 20 percent more than the previous year, Zhu Yiping, a China Association of Automobile Manufacturers official, said Friday.


Last year, more than 7.2 million autos were sold in the country, surpassing Japan and trailing only the United States.


Battered by rocketing oil prices and economic recession, depression loomed over the European, American and Japanese auto markets. In the first three quarters, the European auto market only saw a modest 0.7 percent annual growth while Japan dropped back to the level of 30 years ago.


Experts ascribed the robust growth to increasing market demand, as a recent survey by the State Information Center revealed more than 10 million Chinese households wanted to buy private cars soon. This was boosted by rising incomes and falling car prices.


Association statistics revealed domestic manufacturers had released nearly 90 new vehicle models onto the market this year.


(Xinhua News Agency December 29, 2007)

Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
- Chinese car makers set to drive to higher net
- Passenger car sales rolling with 21.2% rise
- China's car sales accelerate to 21.3%
- Home brands cars account for 27% of total sales
Most Viewed >>
-China set to hit the brakes on rising yuan
-Power to resume shortly in worst-hit area by snow
-Online operators are on top of the game
-Macao's gaming market expands further
-Insurance firms set to stump up billions

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号