Private car purchase booms

This year for the first time, private car purchase has accounted for more than a half of the Chinese car market, according to CRIENGLISH.com.

The portion of private car purchase has been increasing since 2002.

The State Information Center predicts the annual demand growth rate of Chinese car market will range from 10 to 15 per cent in the next five years.

In 2010, the demand will reach between 8.8 to 12 million.

Source: CRI news