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15 million private cars on China’s roads
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14:12, February 29, 2008

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According to Xinhua Net, the National Bureau of Statistics released the "2007 national economic and social development statistical communique" on the 28th. It reported that by the end of 2007, China's total number of privately-owned vehicles increased 32.5% to 15.22 million.

The National Bureau of Statistics communique points out that by the end of 2007, the total number of civilian vehicles reached 56.97 million (including 14.68 million three-wheel motor vehicles and low-speed vehicles): a growth of 14.3% over the previous year. Among them, 35.34 million are private cars: an increase of 20.8%. There are 19.58 million civilian cars, an increase of 26.7%, 15.22 million of which are private cars.

The executive vice president of the China Automobile Industry Association, Dong Yang, pointed out that the structure of China’s residential consumption is shifting from mainly food and clothing to living and transportation. Many families still do not own a car. There is a demand for cars from Chinese consumers. In the future, China's auto market will continue to maintain rapid development.

By People's Daily Online



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