|
Below,
you'll find extensive information on leading china manufacturer
articles and products to help you on your way to success.
China's Auto Industry Likely To Increase Sales Up To 8 Mn In 2007
By James Marriot
CAAM (China Association of Automobile Manufacturers) official Jiang Lei said on December 22, 2006 that the auto sales of China would exceed 8 Million in the year 2007, continuing their rapid growth in 2006.
In its earlier prediction CAAM - an essential source of industry information - had said that auto production as well as sales in China would rise above 7 Million in 2006.
Auto production in China reached about 6.59 Million, representing an annual increase of 27.92% till November 2006. The sales statistics of CAAM showed that sales had increased 25.49% to reach 6.45 Million this year.
In China, the demand for automobiles is rising and most automotive companies posted potent interim earnings in spite of a new-fangled round of cost cutting in the aggressively competitive & overcrowded industry.
Government of China is encouraging banks to issue car loans to individuals & lowering taxes by letting private car taxes to be determined by public tenders.
According to CAAM by the end of 2006, Germany would be taken over by China. Thus, China would take third rank on the world map of auto manufacturers behind US and
Japan.
According to the RNCOS report "Asian automotive industry (2007)", "Low cost Vehicles are driving the growth of automotive industry in emerging economy of China. It also offers immense opportunities for global players in the economy of China."
For further information about Asian automotive industry (2007) please read the report "Asian automotive industry (2007)" published by RNCOS at http://www.rncos.com/Report/IM088.htm
RNCOS is an industry leader in the field of online business research. We specialize in industry research on various business verticals. To read our other reports, please visit us at http://www.rncos.com/Report.htm or email us at info@rncos.com
To get the latest news visit our newly launched Blog section at http://www.rncos.com/Blog/ Article Source: http://www.Article-Warehouse.com We provide global business information for industry research, business consulting, & bring reputed companies and firms to us for business enhancement solutions.
|