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Home >> Business
UPDATED: 17:19, March 24, 2006
China's saloon cars output in first two months surges by 83 percent
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China's saloon cars output in the first two months of this year surged 83 percent over the same period of last year to 604,700 units, said the National of Bureau of Statistics (NBS) on Friday.

The income of China's saloon car companies also jumped 38.2 percent during the period, with over three times as many profits as the previous year, said the NBS.

Stimulated by the Chinese government's favorable policies, the low-emission cars become a spotlight of the first two months.

Sources from the NBS said the low-emission car output during the January-February period in China's major auto bases located in Shandong and Guangxi all doubled that of the same period of last year.

The output and sales of local-brand saloon cars also grew rapidly, said the NBS. China's Chery Company has jumped to second position in China's top ten auto brands, surpassing many noted foreign auto brands.

But the NBS said the profits of auto companies in the first two months of this year is not beyond expectations, as the benchmark profits in the same period of last year was the lowest in recent years.

The NBS predicts China's auto companies will face a low-speed growth in profits in the second quarter, but their profits will increase.

Source: Xinhua


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