|
17-04-2007 China
auto output may hit 15 mln vehicles by 2008, the official China Securities Journal
reported, citing an official from the National Development and Reform Commission
(NDRC). The
newspaper quoted Zhang Guobao, the deputy head of NDRC, as saying that the country's
rapid growth in exports has cut the long-term trade deficit in automobiles in
recent years. In
2006, China became the world's third largest auto producing nation and the world's
second largest market for new vehicle sales. Automakers
in 2006 produced 7.28 mln vehicles, up 27.32 pct. Auto
production may hit 8.5 mln vehicles this year, up more than 15 pct, the report
said, citing the China Association of Automobile Manufacturers.
| 
