Breaking News

Tweet TWEET

China May Produce 8.6 Million Autos During 2007

China may produce 8.6 million vehicles, 18 percent more than last year, in 2007 as it narrows the gap with Japan and the U.S., the world's top two automakers, according to the National Bureau of Statistics.

``It is estimated that China's vehicle output will definitely exceed 8.6 million,'' Yao Jingyuan, chief economist at the bureau, said at an economic seminar in Beijing today.

China's economic growth, averaging about 10 percent over the past five years, is raising demand for automobiles and has boosted production from about 100,000 vehicles a year in the 1980s to 7.28 million last year, making the country the world's third-biggest vehicle producer.

Vehicle sales jumped 23 percent in the first 11 months to 7.95 million, surpassing the total of 7.22 million for all of 2006. Production in the first 11 months of this year rose 22 percent to 8.06 million.

Japan made 11.5 million vehicles last year while the U.S. made 11.3 million.

To contact the reporter on this story: Tian Ying in Beijing at ytian@bloomberg.net; Li Yanping in Beijing at yli16@bloomberg.net

To contact the editor responsible for this story: Terje Langeland at tlangeland1@bloomberg.net; David Tweed at dtweed@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.