Chinese car production breakes 10 million per annum.

A BBC News story tonight, sourced from Xinhua - China's official news agency - reports that Chinese car production for this year has exceded 10 million unites. This is a record high for the Chinese automobile industry. It is the first time that Chinese car production has exceded the 10 million mark. Previously, only the USA and Japan have achieved production in excess of 10 million cars per annum. However, this year, due to the finacial crisis, US and Japanese production levels have fallen but Chinese production remains high. This bodes well for contiunal growth in the Chinese ecconomy.

Read the full story at the BBC website http://news.bbc.co.uk/1/hi/business/8315660.stm