China’s Private Auto Fleet Climbs to 29.25 Million
28 February 2007
Xinhua. The number of privately-owned automobiles in China reached 29.25 million at the end of 2006, up 23.7% over the end of 2005, according to the latest data released by the National Bureau of Statistics (NBS) Wednesday.
The country sold more than seven million automobiles in 2006, including 3.8 million sedans, according to figures from the China Automobile Industry Association.
China, once known as the kingdom of bicycles, has overtaken Japan to become the world’s second largest auto market after the United States.
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