Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Chinese leadership
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 20:04, March 28, 2005
China's output of sedans drops 23 percent in February
font size    

China's output of sedans stood at 144,200 in February, down 23 percent compared with the same month in 2004, the National Bureau of Statistics said on Monday.

The bureau said that the sales of sedan cars dropped in February after enjoying a short period of brisk business in January before the Spring Festival.

Statistics showed that China produced a total of 329,300 sedan cars between January and February, a decrease of 1.5 percent over the corresponding period last year.

An official at the bureau said that China's car market remains weak, which forces producers to cut prices to attract customers. At the same time, consumers adopt a wait-and-see attitude, postponing their purchase plans and hoping that the prices will come down further.

Increasing oil prices worldwide have also had a negative impact on car sales.

The bureau's statistics also show that due to price hikes in iron and steel, profits in car manufacturing dropped by 61.5 percent between January and February this year compared to the same period last year.


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- China Forum
- PD Newsletter
- People's Comment
- Most Popular
 Related News
- China sees 19.35 percent drop of sedan sales in May

Online marketplace of Manufacturers & Wholesalers

Copyright by People's Daily Online, all rights reserved