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Dec 8, 2004

CHINA - Automotive industry market value will exceed 1 trillion Yuan

UK - Autoindustry - Delegates at the recent 2004 China Auto Parts Executive Conference heard that 2004 vehicle production and sales in China will exceed 5 million units. Car production is forecast to approach 2.2-2.3 million units, while motorcycle output is expected to top 16 million. The gross sales income for the entire Chinese automotive industry will exceed one trillion Yuan.

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