CHINA: Car makers post record 2002 profits - report
Chinese car makers made record profits last year as rising incomes boosted buyer interest in the world's fastest-growing car market, underscoring the lure for foreign manufacturers, the Detroit News said. The newspaper, citing State Development Planning Commission figures, said earnings rose almost two-thirds to 43.1 billion yuan ($US5.2 billion) as sales jumped 31% and will probably rise by a quarter in 2003 from last year's 647 billion yuan.
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