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| China's
Auto Market to Grow 13% next year |
| | A
local auto industry insider predicts that China's auto market will grow 13 % growth
next year, according to a report from the China's 5th Auto Industry Development
Annual Summit in Nanjing.
According to the source, the country will produce
approximately 7.8 million units next year, 900,000 more than will be produced
this year, as China's macro-economy continues to develop rapidly and steadily
and the external environment of the country's auto industry changes for the better.
Driven by the robust growth of passenger cars, China's auto industry
has undergone rapid development this year with the total number of units produced
expected to reach 7 million, up 25 % from the same period of last year, said An
Qingheng, President of Beiqi Foton Motor Co., Ltd.
The annual growth
rate of commercial vehicle ownership will be maintained at 8 to 10 %.
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