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Car production down 5.7 % in November
(Xinhua)
Updated: 2004-12-25 00:04

China's car output was 186,000 in November, down 5.7 percent year-on-year, statistics from China's National Bureau of Statistics showed.

According to the statistics, China's car output amounted to 2, 095,700 from January to November in 2004, up 15 percent over the same period last year. With a minor rise, the car output in November ranked highest as of July in 2004.

With a rise of 3.7 percent in car sales in November nationwide, private car sales in Beijing, taking 10 percent of the market share in China, have been declining. According to the statistics, sales of new cars in Beijing dropped by more than 30 percent in November year-on-year

The statistics showed profit margins in the whole trade dropped notably in November, pushing the trade to the brink of loss.

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