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Strategies & Market Trends : Greater China Stocks

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To: RealMuLan who wrote (476)5/20/2003 5:58:55 PM
From: RealMuLan  Read Replies (1) of 8334
 
China January-April 2003 car production up 110%
Agence France-Presse
Shanghai, May 20

The impact of SARS has failed to slow China's car production, with output in the first four months of the year rising 110 per cent to 565,400 units over the same period in 2002, the National Bureau of Statistics said on Tuesday.
Production in April rose 83.6 per cent to a new monthly record of 166,900, with first quarter growth jumping 120 per cent year-on-year.

Officials have forecast that second quarter and full year output growth would slow to last year's rate of 53 per cent.

Output in March rose to a record 156,700 units, 42,500 more than in February, and 30,000 higher than the figure for January, the statistics bureau said last month.

hindustantimes.com
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