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Automobile Market: Strong Growth in China

22-04-2008

Despite price hikes of oil and raw materials, the vehicle market in China remains on the fast track. The sales jumped 21.4 percent year-on-year to 2.58 million units in the first quarter of this year. In March, the sales reached 1.06 million units. Full-year sales are expected to hit 10 million units, up from 8.79 million units in 2007.

 

 

Editor: Frederick Wei from Chinabuses.com


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