27.8.2001
China's auto production surges 8.98 per cent in July

According to a report from the Asia Pulse, the National Bureau of Statistics (NBS) said that China produced 57,100 automobiles in July, up 8.98 per cent from the same period last year.

The NBS said that Shanghai's automobile output increased the most with 26,800 cars, a year-on-year increase of 30 per cent.

Among the highest selling models in China were GM's Buick Sail and the Passat, manufactured by the Shanghai Volkswagen Corp.

The Asia Pulse noted that a spokesman gave several reasons for the rally. "Since June, automakers have re-adjusted their production and prices in line with the market demand, reversing the slump of previous months. Moreover, domestic demand for automobiles remained bullish, showing the strong purchasing power of domestic consumers."