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3m vehicles produced in 1st 7 months
(CRIENGLISH.COM)
Updated: 2004-08-22 09:06
China has produced more than three million vehicles in the first seven months
of this year, a 23-percent increase over the same period last year, according to
data from the China Association of Automobile Manufacturers.
However, analysts say car sales are not expected to grow rapidly even after
the slow sales season of July and August and the output is likely to drop. In
addition, many potential buyers are hesitating in the hope of further price
drops.
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