Output value of autos soars in China
Source: Xinhua |
August 24, 2010, Tuesday
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Print Edition
Print Edition
THE value of the gross output of China's auto industry surged 49 percent on an annual basis to nearly 2.09 trillion yuan (US$308 billion) in the first half of this year, officials at the Ministry of Industry and Information Technology said yesterday.
At the same time, the total value of exports and imports jumped an annual 84 percent to US$50.66 billion, according to a MIIT statement posted on its website.
From January to July, China's auto output and sales exceeded 10 million units. In July, China's auto output stood at 1.29 million units, up 16 percent year on year, while 1.24 million units were sold, up 15 percent year on year, MIIT said.
Also, the Chinese government decided in June to extend an auto replacement subsidy program by six months until end of this year.
Begun in June 2009, the subsidy aims to help get polluting vehicles off the road while boosting auto consumption.
At the same time, the total value of exports and imports jumped an annual 84 percent to US$50.66 billion, according to a MIIT statement posted on its website.
From January to July, China's auto output and sales exceeded 10 million units. In July, China's auto output stood at 1.29 million units, up 16 percent year on year, while 1.24 million units were sold, up 15 percent year on year, MIIT said.
Also, the Chinese government decided in June to extend an auto replacement subsidy program by six months until end of this year.
Begun in June 2009, the subsidy aims to help get polluting vehicles off the road while boosting auto consumption.
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