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China's Nov. auto output sets a record
(menafn.com)
Updated: 2005-12-25 09:49
China's car production in November grew 52.1 percent from the same month last year to a record 291,900 units, breaking the previous record set in June of 275,100 units, AP reported .
China's car production between January and November totaled 2.65 million units, up 24.2 percent from the year-earlier period, according to data released by the National Bureau of Statistics.
Car production for all of 2005 is expected to grow slightly faster than the growth rate for the January-November period, an official at the bureau said.
Demand for automobiles in China weakened significantly last year as the government curbed credit to the sector because of signs of economic overheating. The decline in demand also led to sharp price cuts by automakers.
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