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 prices edge up on holiday demand
Adjust font size:

Statistics from the price supervision center under the National Development and Reform Commission showed on Monday that domestic motor vehicles edged up 0.77 percent in January compared with December.

The price statistics were drawn from 36 cities.

Experts from the center cited two factors for higher prices: a shortage caused by weather-related transportation disruptions and a buying spree ahead of the Spring Festival, which began on February 7.

Prices of passenger vehicles in January went up 1.99 percent, with prices of sedans and sport utility vehicles (SUVs) up 5.37 percent and 2.14 percent, respectively.

The increase reversed the trend of the previous two months. Prices of domestic automobiles fell 0.89 percent and 0.30 percent month-on-month in December and November 2007, respectively.

China produced 8.88 million automobiles in 2007, up 22.02 percent from 2006.

Chinese auto sales are likely to hit or surpass 10 million in 2008, Cai Weici, vice-chairman of the China Machinery Industry Federation, forecast in January.

(Xinhua News Agency February 19, 2008)

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

Username   Password   Anonymous
China Archives
Related >>
- Car prices predicted to fall
- Price wars break out in domestic car market
Most Viewed >>
-Aluminum prices rise
-China, ROK confer over rash investment exodus
-China's auto tariff policy not violating WTO rules
-EU ends anti-dumping review of Chinese plywood
-China rail firm wins big contracts in Libya

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