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Auto Output, Sales Pick Up in First Half Year
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China's automobile production and sales picked up in the first half of this year, both exceeding 3.5million units, according to a source with the National Development and Reform Commission.

 

China's automobile output increased by 27.8 percent year-on-year in the first six months, said Zhu Hongren, an official with the National Development and Reform Commission at a press conference on Tuesday.

 

During this period, the production of sedan cars surged by a whopping 53.2 percent over the same period last year.

 

Statistics also show that automobile sales registered a yearly growth of 26.7 percent in the first six months, with sedan car sales up 46.9 percent.

 

Zhu said the huge increase in automobile sales will contribute to the growth of domestic consumption.

 

China's economy surged 10.9 percent in the first half of 2006, the fastest growth in a decade.

 

(Xinhua News Agency July 26, 2006)

 

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