Peoples Daily
Chinese auto sales are likely to hit or surpass 8.7 million units in 2007, 20 percent more than the previous year, Zhu Yiping, a China Association of Automobile Manufacturers official, said Friday.
Last year, more than 7.2 million autos were sold in the country,
surpassing Japan and trailing only the United States. Battered by rocketing oil prices and economic recession, depression loomed over the European, American and Japanese auto markets. In the first three quarters, the European auto market only saw a modest 0.7 percent annual growth while Japan dropped back to the level of 30 years ago.
Chinese auto sales are likely to hit or surpass 8.7 million units in 2007, 20 percent more than the previous year, Zhu Yiping, a China Association of Automobile Manufacturers official, said Friday.
Last year, more than 7.2 million autos were sold in the country,
surpassing Japan and trailing only the United States. Battered by rocketing oil prices and economic recession, depression loomed over the European, American and Japanese auto markets. In the first three quarters, the European auto market only saw a modest 0.7 percent annual growth while Japan dropped back to the level of 30 years ago.
posted by Auto Report World Editors at 2:42 AM 
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