China's Auto Output to Exceed Four Million This Year

Home>>Business

Last updated at: (Beijing Time) Wednesday, July 16, 2003

China's Auto Output to Exceed Four Million This Year

China will be able to produce over four million automobiles this year, said a Chinese automotive industry expert.

DISCUSSION

CHINESE

SEND TO FRIEND

China will be able to produce over four million automobiles this year, said a Chinese automotive industry expert.

Though there was a drop in production and marketing of automobiles in May, a rebound was expected in the latter half of the year, said Zhang Xingye, honorary chairman of the board of directors with China Automobile Engineering Society.

At a forum here to commemorate the 50th anniversary of the founding of the country's automotive industry, Zhang predicted thegrowth rate for production of cars would be bigger than for other types of automobiles, as the overwhelming majority of buyers were private individuals.

Zhang estimated the country's output of cars at between 1.7 million and 1.8 million this year and predicted more price cuts for automobiles in the latter half of the year.

Questions?Comments? Click here

Major Milestone for China's Car Industry

China' Auto Industry Holds Great Potential

Major Milestone for China's Car Industry ( 3 Messages)

Scholars, or Trouble Makers?--People's Observation ( 64 Messages)

Why Renminbi Not to Be Revalued, Chief Economist of Morgan Stanley ( 19 Messages)

US Steps up Relations with Taiwan: Commentary ( 11 Messages)

Requisite Silence Self-discipline of the Media ( 2 Messages)