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09-01-2008
Auto
production and sales in China are both likely to hit a record 10 million units
this year, an industry executive forecast yesterday.
Dong Yang, vice
chairman of the China Association of Automobile Manufacturers, said it was a "foregone
conclusion" that both China's auto output and sales would surpass 8.7 million
units in 2007.
He added they will continue to expand at double-digit
rates in 2008. In 2006, China overtook Japan to become the world's second-largest
car market, trailing only the United States, with sales of 7.2 million units,
up 25.13 percent from a year earlier.
The country was also the world's
third-largest vehicle producer, after Japan and the United States.
Editor:
Ida.Zhang from Chinabuses.com
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