Home News Weather Finance Travel Maps Movies Lottery Horoscopes Games
 SECTION: CHINESE BUSINESS NEWS
Search The Web:
DOMAIN NAMES
AS LOW AS $2.99 / YR.
China Auto Sales To Hit 10M Units
Tuesday, 24-Jun-2008 4:16AM United Press International
USTINET NEWS

 » Front Page

 » Top Stories

 » U.S.

 » World

 » Politics

 » Business

    Front Page

    Industires

    Labor & Unions

    World Econmony

 » Sports

 » Health

 » Tech/Science

 » Living/Entertainment

 » Off Beat Stories

 » News Photos

 » Weather


Special Editions

 » Iraq & Conflict

 » Israel/Palestine

 » Crimes & Laws


MultiMedia

 » Interactive Features

 » News Photos


POLL: Your Opinion

 » What Do You Think




BEIJING, June 23 (UPI) -- Chinese officials said they expect domestic auto sales, spurred by a strong economy, to reach 10 million units this year, up 15 percent from last year.

SAVE MONEY ON TRAVEL DEALS

While business vehicle growth has slowed, demands for passenger cars continues to be strong, Dong Yang, head of the China Association of Automobile Manufacturers told the Shanghai Daily.

Association figures showed domestic sales totaled more than 4.3 million vehicles in the first five months of this year, up 17 percent from the same period of 2007, the report said.

Speaking at an industry meeting, the official said the Chinese government will speed up restructuring the industry with emphasis on security, environment protection and energy saving, the report said.

He also noted the sharp increases in the prices of raw materials such as iron and steel were expected to reverse the trend of declining auto prices.

- - - - - - - - - - - - - - - - - - - -
Related News Topics:

High-priority business news
Oil, gas, coal, alternatives
Chinese business news
News covering industry
News of Asia and Oceania

 BREAKING STORIES

Execs: Guzzler tax won't hurt China sales

China ICBC bank's foreign assets soar

China expects 511M tons of grain output

China raises export tariff on coke

VWs popular in China

Gates, Chinese official meet in Beijing

China July retail sales up 23.3 percent

Report: Sinopec eyeing Imperial Energy

Cars driving China's oil demand

China mulls consumption tax hike on autos

Reebok banking on Yao ad campaign

Chinese firm wins Saudi contract

592M cell phone users in China

China auto sales to hit 10M units

China expects 120M tons summer crop

China raises reserve requirement ratio

Bad loans in quake-hit areas written off

China tourism hurt by quake

China's April CPI rises to 8.5 percent

China welcomes jumbo jet company

Home News Weather Finance Travel Maps Movies Lottery Horoscopes Games
Home :: My Page :: My WebMail :: My Calendar :: My Portfolio :: Chat :: Help Center :: Sign In :: Sign Out

MY.USTI.NET PORTAL  -  © 1996 - 2004 USTINET CORPORATION. ALL RIGHTS RESERVED.
Please see our Privacy Policy, Security Guarantee, Terms of Use for additional information.