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Article: CHINA'S AUTO MARKET SIZE TO GROW 22 PCT IN 2007.
- Article from:
- AsiaPulse News
- Article date:
- December 13, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Dec 13 Asia Pulse - The market size of China's automobile industry will grow more than 22 per cent this year, far higher than the average market growth of the country's manufacturing industry, according to the latest statistics of the Joint Conference of China Passenger Vehicle Market Information.
The automobile industry has a good economic efficiency in general, and the profit of the whole industry is expected to top 100 billion yuan.
An official in charge of the joint conference pointed out that the big upgrade in the economic efficiency mainly results from the much bigger localization rate of new vehicles put into production by joint venture ...