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CHINA'S CAR SALES FORECAST TO RISE 20PCT IN 2007.
BEIJING, Jan 1 Asia Pulse - China's sales of cars are forecast to increase by about 20 per cent in 2007, and the price will drop by about five per cent.
Industry experts held that sales of passenger vehicles in China would maintain a high-speed growth for at least 20 years, and the growth is expected to stand at 15-20 per cent in the next 10 years.
They forecast that the automotive industry would retain its steady growth of profits in 2007.
It is predicted that the annual sales of cars in China will reach 10 million by 2010 and 20 million by 2020, when China will become the world's largest car market.
At present, the car consumption potential is still great in large and mid-size Chinese cities.
Thanks to car price decline and increase of personal income, cars ...
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