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Article: China's automobile industry expected to grow by 15 per cent.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- June 22, 2008
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China's automobile industry expected to grow by 15 per cent
Beijing, June 22 (PTI) Riding on the back of a strong demand for passenger cars, China's domestic automobile sales is expected to grow by 15 per cent to hit 10 million units this year, automobile manufacturers said.
Despite a slowdown in the sale of business vehicles, demand for passenger cars remained robust, an official of the China Association of Automobile Manufacturers said.
"China's fast growing economy created sound environment for the development of the automobile industry," Vice-Chairman of the Association, Dong Yang said at an industry meet in the coastal city of Yantai in ...