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Article: ANALYSIS: CHINA AUTO MARKET TO REMAIN STRONG IN 2010.
- Article from:
- AsiaPulse News
- Article date:
- November 10, 2009
CopyrightCOPYRIGHT 2009 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, Nov 10 Asia Pulse - China's auto market is expected to maintain its current strong growth momentum in the coming year, given no unexpected factors and possible further government policy support.
In spite of the global economic slowdown, China's auto output and sales rose quickly in the first 10 months of this year. By October, both monthly output and sales have been above 1 million units for eight consecutive months, according to statistics released by the China Association of Automobile Manufacturers (CAAM).
The auto industry's robust growth should have been partly attributed to the government support package for the sector introduced at the ...