China's auto output to top 4m in 2003
( 2003-10-03 10:19) (Xinhua)
Experts have forecast that over 4 million vehicles will be produced in China
this year.
China produced 2.728 million motor vehicles in the first eight months this
year, up 36 percent over the same period of last year. China produced 3.25
million motor vehicles last year.
China registered sales of 2.723 million motor vehicles in the eight-month
period, 30.7 percent higher than the figure for last year's corresponding
period.
Sales of sedan cars accounted for 42.5 percent of total auto sales in the
first eight months.
The number of private cars has been rapidly rising in recent years as China's
economy maintained rapid growth and the income of Chinese people continued to
increase. A city of over 13 million, the national capital Beijing has more than
2 million private cars.
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